Tag: default
-
Ukraine Faces Potential Default Amid Negotiations with Creditors and Seeks Sustainable Long-Term Defense Funding
As Ukraine faces a critical deadline to renegotiate terms with its private foreign bondholders, its financial sustainability and ability to fund its defense and economic recovery are under scrutiny. Timothy Movenov, president of the KE School of Economics and Ukraine’s former minister of Economic Development, discusses the complex landscape of Ukraine’s financial obligations, the nature…
-
Trump Civil-Fraud Trial Underway: Potential Impacts on Business Empire Explored
Donald Trump’s civil fraud trial in Manhattan is a significant event with potential ramifications for his New York business interests and long-established public persona as a business magnate. The trial revolves around allegations that Trump and his adult children inflated the value of their assets, resulting in substantial unlawful gains. New York Attorney General Letitia…
-
Exploring the White House’s Alternative Strategies to Prevent a U.S. Debt Default Without Congressional Approval
The Wall Street Journal provides insights into President Biden’s potential options to avoid a U.S. default without congressional approval, as Democrats and Republicans struggle to agree on raising the debt ceiling. The video outlines three unconventional and risky methods: minting a trillion-dollar platinum coin, issuing premium bonds, and invoking the 14th Amendment. The analysis includes…