Page 11 - Mark Sobel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Without an escape strategy, Javier Milei's unusual policy suggestions of dollarization can lead to economic collapse in Argentina.

The ratings agency’s decision will have no consequences for the U.S. dollar’s global role, but it highlights the country’s darkening fiscal outlook and governance challenges.

A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral...

By David Lawder and Davide Barbuscia WASHINGTON (Reuters) - When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, ...

When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried foul over the "bizarre" timing and argued that it unfairly punishes them for political chaos under President Donald Trump. Harvard's Larry Summers and JPMorgan's Jamie Dimon were among those who blasted the decision as "inept" and "ridiculous," respectively, questioning the timing of the downgrade two months after the White House and Congress had worked together to avert a debt ceiling crisis. However, Fitch followed a well-esta...