MIT economist says America is asking the wrong question about its $40 trillion debt
Two new National Bureau of Economic Research working papers reframe the debate over America's $40 trillion in federal debt. Rather…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
EU aviation agency narrows Persian Gulf flight warning after renewed U.S.-Iran hostilities
The EU Aviation Safety Agency narrowed its Persian Gulf airspace warning on Monday, now telling airlines to avoid only Gulf…
US Backs Nearly $5 Billion in Brazilian Rare Earth Mine to Counter China
Washington has assembled nearly $5 billion in financing and investment around Brazil's Serra Verde rare earth mine, aiming to build…
AI could cause global economic downturn, Bank of England governor tells G20
Bank of England governor Andrew Bailey has warned G20 finance ministers and central bank governors that advanced "frontier" AI models…
Russia preparing ‘massive strikes’ on Ukraine’s energy infrastructure after deadliest attack of the year
Russia's Defense Ministry says it is preparing large-scale strikes on Ukraine's energy infrastructure, days after a strike on an ammunition…
