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The Chinese government is contemplating an increase in fiscal stimulus, reflecting a desire to recover a portion of the economic growth that has been lost over recent quarters to achieve the annual growth target of 5%. That’s according to Bloomberg, citing sources familiar with the situation...

Country Garden Holdings Co. Ltd. (OTCPK: CTRYY), one of China’s leading property developers, is facing a pivotal moment this week. Boasting a colossal debt load of $187 billion, it bears the less-than-desirable distinction of being the globe’s most heavily indebted developer, with only...

The sudden cessation of operations by the trucking titan, Yellow Corp. (NASDAQ:YELL), may lead to financial losses for American taxpayers, highlighting the inherent risks of government aid to corporations. Government’s Lifeline To Yellow And Its Implications In 2020, during the peak of the...

Despite the resolution of the debt ceiling standoff allowing the U.S. government to meet its obligations, Fitch Ratings has chosen to maintain its "Rating Watch Negative" stance on the U.S. rating, according to a statement released by the credit rating agency on Friday. The suspension of...

The debt limit talk has reached its last and most important stage with just five days, or barely more than 100 hours, until the U.S. Treasury may run out of money.  Both the stock and the bond market are likely to react strongly depending whether a deal is...

Some elements of this story were previously reported by Benzinga, and it has been updated. President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday about raising the U.S. debt limit. Republicans and the Biden government are battling over spending cuts, which GOP...

Although gold remains the top choice as a safe haven in case the U.S. hits the debt ceiling and Treasuries take the second spot, Bitcoin (CRYPTO: BTC) seems to have snatched the third spot from popular assets like the U.S. dollar, Swiss franc or the Japanese yen, a survey reportedly shows. More...

Lael Brainard, Director of the National Economic Council, has reportedly warned that if Congress fails to prevent a default on national debt, it would be catastrophic but also expressed confidence about averting the crisis saying the U.S. always pays its bills. "…so the staff is very engaged...

President Joe Biden stepped up his attack against Trump-supporting Republicans on Saturday for their intransigent stance on the country’s debt ceiling. What Happened: Default is “not an option,” the president tweeted Saturday morning. Biden also went at length to explain the ill...

The U.S. stock market got off to a shaky start in May. The S&P 500 index, closely tracked by the SPDR S&P 500 Trust ETF (ARCA: SPY), is poised to end its second consecutive week of losses for the first time since mid-February as the debt-limit stalemate weighed on sentiment. As of...

President Joe Biden addressed the debt ceiling crisis on Wednesday, stating that Republicans are "holding the economy hostage," by threatening a default on U.S. debt.  They want "huge cuts to important programs for millions of working middle-class Americans," and...

Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...

Analysts are pointing at recent bit of financial news from China, as a major landmark in the nation's modern economic history is afoot. At issue is Friday's announcement that the Shanghai Chaori Solar Energy Science and Technology Company, a relatively small producer of solar panels, has become...

With the Senate's recent approval of the House-passed clean debt limit legislation, now might be a good time to define the debt ceiling (aka “debt limit”). The U.S. Treasury defines the debt limit as “the total amount of money that the United States government is authorized to borrow to meet...

Monday was a light day for news and correspondingly light volume. On top of this was very little economic data. This is the seventh day of the government shutdown and fears are escalating that the government will default on its debt. At last check, ten year treasuries were sitting as a two...