the partial cancellation of student debt estimated at 400 billion dollars

President Joe Biden’s decision to partially erase the colossal American student debt will cost the federal government $400 billion, the Congressional Budget Office estimated in a report published on Monday (September 26th). This new estimate, requested by elected conservatives and emanating from an official and apolitical body, should pour oil on the fire of the … Read more

China holds less and less US debt and that’s why it won’t change much for the United States

Has the danger posed by the holding of public debt securities by China been exaggerated? ©STR / AFP Economic outlook China has reduced its holdings of US Treasuries, according to Treasury Department data. What could be the economic consequences for the United States? Atlantico: The detention of the US public debt by China decreases and … Read more