debt crisis

Debt alarm: US national debt hits record $37 trillion, pace doubles with trillion added every five months

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The US national debt has surpassed $37 trillion, exceeding pre-pandemic forecasts due to Covid-19 spending and recent tax cuts. Experts warn that this rapid debt ...

‘Unsustainable levels…’: Pakistan economy drowning in debt with record $26.7 billion in loans last year; dependency on creditors deepens

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Pakistan’s reliance on foreign loans surged to $26.7 billion in the last fiscal year, with a significant portion used for debt rollovers rather than project ...