US $14.3 Trillion In Red, Hits Debt Limit, Treasury Must Stop Borrowing

- $14.294 trillion in the red, so US Treasury must stop borrowing (Independent): After months of hand-wringing, the US Government has reached its debt limit, forcing lawmakers to embark on a series of emergency measures to prevent public finances from going into immediate default. A tranche of roughly $72bn in bonds and notes issued by [...] continue reading world news