The debt ceiling exists for a reason. Asking people to evade or poke holes into it for special projects defeats the purpose of a debt ceiling.

>"Mortgage rates in the US faced the biggest weekly decline in nearly 41 years, providing some relief after a rapid run-up _...Read More_

"China’s mortgage strikes are affecting its economy but won’t cause global contagion."

>"Australian employment unexpectedly dropped in July, giving the Reserve Bank scope for a more flexible approach in its _...Read More_

"The reintroduction of the pensions triple lock means the increase in weekly payments could vastly outpace earnings growth"

>"A presidential visit to Saudi Arabia feels sadly inevitable."

>"Government, companies and households are bracing for shortages amid expectations that Moscow will cut its already _...Read More_

"Top German industries could face collapse because of cuts in the supplies of Russian natural gas, the country’s top union _...Read More_

>"Fear and paranoia now cow a once-proud $1 trillion internet industry. Even if Beijing relents, the sector is a shadow of its former self."

"Australia’s treasury helped inspire NZ and other governments to adopt well-being budgets – now, years later, we look set to get one too. So what are the challenges ahead?"

"Federal Reserve Chairman Jerome Powell touted the strength of the U.S. economy Wednesday and expressed confidence it can handle the central bank’s higher interest rates despite rising fears of a recession among economists. Testifying _...Read More_