Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
Tag: Credit and Debt
Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
Anti-Austerity Strikes and Protests Grip France
Barely a week into the job, Prime Minister Sébastien Lecornu faces rising social unrest on top of political deadlock and financial turmoil.
How India Is Trying to Squeeze Pakistan Far From the Battlefield
The nuclear-armed rivals are also wrangling over Pakistan’s access to desperately needed foreign aid, as India explores ways to use its soft power and relationships to bedevil its old enemy.
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Global Growth Expected to Sputter Amid Trade War Fallout Fears
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
France Acknowledges Devastating Effect of Debt Imposed on Haiti for Freedom
After two centuries, a contrite tone from President Emmanuel Macron, though no talk of reparations for French actions that thwarted the development of its former colony.
A $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa
Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”
COP29 Climate Talks Focus on Financing
Negotiators agree that trillions are needed to help lower-income countries adapt and cope, but not on who should pay.