Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch due to persistent fiscal deficits that it sees as likely to deteriorate in the future. The downgrade moves ...
Soaring US debt may provide a significant tailwind for gold and set the stage for another record price rally. US debt held by the public hit US$31.27 trillion in late March, eclipsing 12 month gross ...
Debt hits new milestone: US debt has reached 100.2% of GDP, surpassing the economy’s size for the first time since the post-World War II period. Deficit outlook worsens: Treasury estimates a $2.1 ...