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Threat of the US debt spiral

The country that once dominated the global economy is now grappling with a severe debt crisis. The United States, with a GDP of $28 trillion, is burdened by a debt of $36 trillion.

Brazil hits back at Trump with “Reciprocity Law” as US imposes 50 pc tariff, rejects “any form of tutelage” on internal matters

Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time) issued a firm response to US President Donald Trump's announcement of a 50 per cent tariff on Brazil by invoking the country's "Economic Reciprocity Law", while asserting Brazil's sovereignty and rejecting "any form of tutelage" in what he described as Trump's attempts to interfere in the country's internal judicial affairs.

Fiscal Gamble

US President Donald Trump’s latest legislative triumph ~ a massive tax cut and spending bill ~ may appear on the surface as a defining moment of policy success, but beneath its celebratory veneer lies a deep fault line in American politics and priorities.