The Latest Breaking News on Economy

Lots of sound and fury on US debt, but not a crisis — yet

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

The Independent UK · Jan 27, 2023

Number of EU students enrolling at UK universities plummets by more than 50 per cent post-Brexit

Data shows that the amount of students from the EU joining an undergraduate or postgraduate course plummeted from 66,680 in 2020 to 31,000 in 2021

Evening Standard · Jan 27, 2023

Editorial: If Kevin McCarthy is serious about protecting the economy, he’d raise the debt ceiling

After he was elected speaker on the 15th ballot, Kevin McCarthy promised that the U.S. House under Republican leadership would protect the national economy, saying that the party was committed to “stop wasteful Washington spending, to lower the price of groceries, gas, cars, housing, and stop the rising national debt.”

Los Angeles Times · Jan 27, 2023

Britain, here’s a plan: stop applying old fixes to new problems. And stop obsessing about growth

Crises in productivity and wealth inequality won’t be solved with ideas from the 80s, says the author and historian David Edgerton

The Guardian - UK · Jan 26, 2023

Social Security Is on the Brink of Collapse. The GOP Won't Touch It.

In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.

Reason · Jan 26, 2023

UN forecasts fall in global economic growth to 1.9% in 2023

The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year

The Independent UK · Jan 26, 2023

McCarthy’s moderate Republican allies have their own debt-ceiling ideas

Ultraconservatives in the House have dominated the public discussion on the US debt ceiling, but Speaker Kevin McCarthy can’t afford to ignore GOP centrists if the country is to avoid a catastrophic payments default later this year.

Tribune News Service · Jan 26, 2023

Brexit, austerity, Covid: Why is Scotland's NHS gripped by crisis?

THE majority of Scots say the blame for the crisis gripping Scotland’s NHS lies withWestminster, new polling for The National has found, but it is…

The National (Scotland) · Jan 25, 2023

Budget 2023 to see poll-oriented spending boost: Report

MUMBAI: Ahead of the national elections, the last full budget of the PM Modi government is likely to boost welfare spending with a focus on rural and infra capex, according to a report.

The Times of India · Jan 25, 2023

Vic debt would be lower under Libs: report

Victoria's debt would have been lower than forecast regardless of which party won the state election but the Liberals would have cut it more, a report says.

AAP · Jan 25, 2023