World’s Most Indebted Superpower? US Debt Set To Look Worse Than Italy, Greece; IMF Says Countdown Has Already Begun
America’s debt spiral has reached a historic danger zone. The national debt has already crossed $38 trillion and is on track to hit 143.4% of GDP by 2035. With deficits staying above 7% and interest costs exploding, the world’s largest economy is heading toward its most perilous fiscal era in modern times.
Oct 30, 2025, 01:41 AM IST
Australia Cancels Quad Meeting In Sydney After Biden Pulls Out Due To US Debt Crisis
US President Joe Biden has postponed his trip to Australia due to debt ceiling negotiations in Washington.
May 17, 2023, 09:03 AM IST
Joe Biden Cancels Planned Visit To Australia, Papua New Guinea Due To US Debt Crisis
White House National Security Council has expressed administration officials' frustration that the debt talks are having an impact on US President Joe Biden's dealings on the international stage.
May 17, 2023, 07:35 AM IST
GOP, Democrats, Obama reach accord on 2-year budget deal
The budget deal between congressional leaders and President Barack Obama, aimed at heading off a government shutdown and debt crisis, faces its first hurdle Tuesday when it goes before restive House Republicans, including rebellious arch-conservatives.
Oct 27, 2015, 21:46 PM IST