Jun 8, 2023 · The US debt ceiling is a self-imposed cap on the amount of money the federal government can borrow to pay its bills. The debt limit frequently needs to be raised as the amount the government borrowed hits that ceiling. A default risks economic and financial market turmoil. Denmark and Kenya are the only other countries with a debt ceiling.

In 2021, global debt reached a record $303 trillion, a further jump from what was record global debt in 2020 of $226 trillion, as reported by the International Monetary Fund (IMF) in its Global Debt Database. This was the biggest one-year debt …

May 19, 2023 · The debt reached that point in January and the Treasury has kept obligations just within the limit by suspending investments in some federal pension funds while continuing to borrow from investors. The Treasury warned last week it may have to stop borrowing altogether and rely solely on tax receipts to pay its bills by as soon as 1 June.

Sep 15, 2015 · The five categories listed above cover the majority of countries in the world, including some of the largest economies. Monetary sovereignty is a very rare breed indeed. The vast majority of governments cannot issue either money or debt without limit. For most of the world, deficits (including external ones) and debt DO matter.

Oct 14, 2022 · The European Union, for example, relaxed rules which limit debt to 60% of economic output. Some analysts think poorer countries will struggle to repay money they borrowed to meet the vast costs of dealing with COVID-19 and the economic disruption caused by Russia’s invasion of Ukraine.

Dec 11, 2024 · Global debt: Rising In the face of increased interest rates, there's been concern in 2024 about rising public debt levels. The September Chief Economists Outlook warned that debt levels are a significant threat to a stable economic outlook.

Geneva, Switzerland, 25 September 2024 – Easing inflation and strong global commerce are fuelling cautious optimism for recovery but elevated debt levels are becoming a growing concern in both advanced (53%) and developing (64%) economies, according to the latest Chief Economists Outlook published today by the World Economic Forum.

Nov 5, 2020 · South Korea recently unveiled a plan to legally limit public debt amid criticism from conservatives. But according to this report, there are also concerns about not spending enough to fight the pandemic, and questions about how urgently-needed such a cap really is. (The Diplomat)

Jan 16, 2025 · Foreigners are a convenient economic scapegoat, and the related form of prejudice politics – economic nationalism – is already evident. Economic nationalism will likely affect global trade, capital, and labour flows in 2025. The question is whether economists’ arguments can limit the trend and subsequent economic damage.”

Oct 12, 2020 · V. V. Chari and Patrick J. Kehoe propose regulating company leverage and taxing size to achieve a sustainably efficient outcome. Company leverage, they suggest, should have a debt-equity ratio limit, while in parallel, a Pigouvian on company size should eliminate distortions and correct the externalities of "too-big-to-fail."