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Economy

Government debt hits record $66 trillion, 80% of global GDP, Fitch says

“Government debt levels are high, leaving many countries poorly positioned for financial tightening as global interest rates begin to move higher,” Fitch’s James McCormack says. …read more Thank you Source: Economy – CNN

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Fed’s Kashkari says big banks are safer now than before the financial crisis

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are “unquestionably” safer than they were before the 2007-2009 financial crisis. …read more Thank you Source: Economy ...

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Shutdown is starting to hurt Trump’s financial deregulation agenda

The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations. …read ...

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