the financial crisis

Russian officials are warning Putin that a financial crisis could emerge this summer, the report says, as his war against Ukraine becomes too big to fail.

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Russian officials are warning Putin that a financial crisis could emerge this summer, the report says, as his war against Ukraine becomes too big to fail.

The Kremlin’s financial situation is worsening and could come to a head within months as oil revenues dwindle while President Vladimir Putin shows no intention of ending his war against Ukraine. Russian officials have warned Putin with growing alarm that a financial crisis could hit by the summer, sources said Washington Post. They pointed to … Read more

$38 trillion national debt will soon grow faster than US economy itself, watchdog warns

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trillion national debt will soon grow faster than US economy itself, watchdog warns

The United States’ national debt has reached a precarious milestone, reaching 100 percent of gross domestic product (GDP) and putting the nation on a trajectory that could trigger six distinct types of fiscal crises, according to an ominous new warning issued Thursday by the Committee for a Responsible Federal Budget (CRFB). With the national debt … Read more