Browsing: debt crisis

NEW YORK, September 27, 2025: The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has urged global leaders attending the 80th session of the United Nations General Assembly (UNGA80) to take immediate action to reduce debt costs,

Concerns over the United States’ commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the International Monetary Fund (IMF) and

The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury Secretary Janet Yellen. Yellen issued a series of increasingly dire warnings ahead of a meeting