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IMF slashes its forecasts for the global economy and warns of soaring debt levels
June 24, 2020
The IMF slashed its economic forecasts once again and warned that public finances will deteriorate significantly.
Your stimulus check could be taken to pay past debts. One proposal could change that
May 27, 2020
As the government sends out millions of checks to help families curb the negative effects of the coronavirus pandemic, some people might have that money taken because they owe private debts. Now...
New 20-year bond met with strong reception as U.S. moves to extend time to pay debt
May 20, 2020
The first U.S. auction of a 20-year Treasury bond in 34 years was met with strong demand.
Greece's strict fiscal targets will likely be relaxed in 2021 as well, minister says
May 06, 2020
Greece might be spared from having to hit strict fiscal targets related to previous bailouts next year, a government official told CNBC, given the ongoing health and economic crises.
Dubai, hit by lockdown and oil price crash, could be headed for another debt crisis
April 24, 2020
Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and nearly half the value of the emirate's stock...
The student debt squeeze: a look at 3 people's budgets
January 20, 2020
A handful of people with student debt, from a copy writer in Morehead, Kentucky, to an English professor in Yakima, Washington, provided CNBC with a snapshot of their budgets.
Global debt hits new record of $253 trillion and is set to grow even more this year
January 14, 2020
The world's debt when compared against its total output hit another all-time high of over 322% in the third quarter of 2019, the IIF said in a new research report.
Rising debt used for financial risk-taking could leave major economies vulnerable, IMF says
December 17, 2019
The increasing trend of using corporate debt for speculative financial gambles could make the global economy more vulnerable in the next downturn, the International Monetary Fund (IMF) has warned.
Billionaire hedge fund manager Ray Dalio says the economy isn't growing because 'the world has gone mad'
November 06, 2019
The founder of Bridgewater Associates, the world's largest hedge fund, recently spelled out his thesis on why the economy is broken in a LinkedIn post titled: "The World Has Gone Mad and the System Is...
Chase gives some credit card holders a surprise gift: debt forgiveness
August 08, 2019
If you're a certain Chase credit card account holder in Canada, there's good news: The firm is forgiving those balances. Credit card debt forgiveness is such a rarity that experts warn not to expect it...
Mnuchin Says Markets Shouldn't Be 'Concerned' With Debt Ceiling
July 18, 2019
U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Thursday that under "the most conservative" scenario there may ...
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