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Banking, Economy

“Biden’s Treasury accused of trying to juice U.S. economy pre-election”

“The Treasury Department is being accused of trying to juice the economy ahead of the election, by changing how it finances government spending… The accusation: Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt,… Continue Reading…

Economy

“99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says”

“…”It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.… Continue Reading…