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A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

Banking and Financial Institutions Disasters and Emergencies Federal Budget (US) Interest Rates Stocks and Bonds Treasury Department United States Economy

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.

By Alan Rappeport and Joe Rennison

Turkey’s Lira Falls to New Low as a New Economic Policy Forms

Currency Economic Conditions and Trends Erdogan, Recep Tayyip Inflation (Economics) Interest Rates Turkey

Turkey’s Lira Falls to New Low as a New Economic Policy Forms

The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.

By Patricia Cohen

The High Cost of Bad Credit

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The High Cost of Bad Credit

Desperate to improve their ratings, Americans now spend billions on “credit repair” — but the industry often can’t deliver on its promises.

By Mya Frazier

World Bank Projects Weak Global Growth Amid Rising Interest Rates

Banking and Financial Institutions China Coronavirus (2019-nCoV) Credit and Debt Developing Countries Economic Conditions and Trends Europe Inflation (Economics) Interest Rates International Trade and World Market Poverty Recession and Depression United States United States Economy World Bank

World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024.

By Alan Rappeport