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The US House of Representatives passed the Limit, Save, Grow Act, which would raise the national borrowing limit but with drastic spending cuts. However, the bill will not become law as it is opposed by the Democratic-led Senate. This legislation is a political maneuvering that impacts the economy, federal debt, budget deficit, and fiscal responsibility, and could potentially lead to a financial crisis, government shutdown, and financial instability.

Pakistan credit default swap (CDS) spikes by 30 percentage points in a week to 92.53 per cent ahead of debt repayment, amid political unrest.

Pakistan credit default swap (CDS) spikes by 30 percentage points in a week to 92.53 per cent ahead of debt repayment, amid political unrest.

Via direct taxes and a ruinous stealth inflation levy, savers will keep picking up the tab for the borrowers' bonanza.

“Get back to basics” and “Don’t make mistakes” – easily said, often difficult in practise. But they're key for credit investors seeking to navigate the current market volatility. Against the backdrop of geopolitical and economic upheaval fuelled by the war in Ukraine and rising inflation, the US Federal Reserve...