China’s new bonds are aimed at helping economic recovery, an official says, as its budget deficit widens

China's new bonds are aimed at helping economic recovery, an official says, as its budget deficit widens

In an illustration taken on February 10, 2020, Chinese yuan banknotes can be seen behind a highlighted stock market graph. REUTERS/Dado Ruvic/Ilustracja Acquisition of licensing rights BEIJING, Oct 25 (Reuters) – China’s new government bonds will help shore up the economic recovery, China’s Vice Finance Minister Zhu Zhongming said on Wednesday, as the government’s stepped-up …

Read more

The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

menu icon

The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

Read more

The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

menu icon

The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

Read more