A world going broke: IMF says America’s $39 trillion national debt is actually a global problem—and AI may be the only rescue

Global public debt is barreling toward 100% of world GDP, the fund warned Wednesday. Governments everywhere are spending ...

We're all in debt: Peter Schiff questions how the US economy will function if global lending dries up — here's what it means for investors

It follows Schiff’s warnings of a “full-blown financial crisis.” ...

The $39 trillion national debt could break the all-important U.S. bond market, sparking a ‘vicious’ emergency, former Treasury secretary warns

We need an emergency break-the-glass plan, which is targeted and short-term, on the shelf, so it’s ready to go when we hit ...

City’s poor debt collection worsening its dire financial straits, inspector general says

A report issued Thursday by Chicago Inspector General Deborah Witzburg confirmed Sun-Times reporting on City Hall's poor ...
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CBO: Federal deficits and debt to worsen over next decade

The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...

Debt Alarms Ring as Countries Rack Up More Emergency Spending

Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public ...

Watchdog finds Chicago owed $8.1 billion in uncollected debt, but can't calculate all the money it's due

Chicago residents, businesses, and city employees altogether owe the city more than $8.1 billion in overdue debt, some of it ...