Elon Musk Warns US Faces 'De Facto' Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, 'We Are Already Bankrupt'

Elon Musk Warns US Faces ‘De Facto’ Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, ‘We Are Already Bankrupt’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire entrepreneur Elon Musk is once again raising concerns regarding the U.S. fiscal outlook, warning of dire consequences as interest on Federal debt balloons to unsustainable levels. What Happened: On Tuesday, in a post on X, Musk warned…

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Will Hong Kong’s Most Indebted Developer Survive the Countdown? — TradingView News

New World Development (NDVLY) is inching closer to sealing a massive HK$87.5 billion ($11.1 billion) loan refinancing, potentially giving the debt-laden Hong Kong builder some much-needed breathing room. After months of tense negotiations with over 50 lenders, people familiar with the talks say the company has now secured preliminary consent from all partiesincluding banks that…

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Trump Administration Tariff Updates - June 19, 2025

Trump Administration Tariff Updates – June 19, 2025

With the July 9 deadline for finalizing trade deals approaching, the Trump administration is advancing its global tariff strategy. This report outlines the latest developments in tariff implementations and ongoing negotiations with key trading partners. Details of U.S.-China Trade Deal High-level negotiations in London, concluded on June 10, 2025, have produced a framework agreement with…

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Why China is giving away its tech for free | World News

Why China is giving away its tech for free | World News

Underpinning the digital economy is a deep foundation of open-source software, freely available for anyone to use. The majority of the world’s websites are run using Apache and Nginx, two open-source programs. Most computer servers are powered by Linux, another such program, which is also the basis of Google’s Android operating system. Kubernetes, a program…

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White House reveals when Donald Trump will decide on possible US strike on Iran amid war with Israel | World News

White House reveals when Donald Trump will decide on possible US strike on Iran amid war with Israel | World News

The White House on Thursday announced that President Donald Trump plans to decide within the next two weeks whether the US will intervene in the ongoing Israel-Iran conflict. US President Donald Trump’s statement, conveyed by Leavitt, signals a longer timeline for his demands that Iran halt its uranium enrichment and nuclear weapons-related activities.(Bloomberg) Quoting Trump,…

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Face the Nation: Blumenthal, Graham, Padilla

Face the Nation: Blumenthal, Graham, Padilla

Face the Nation: Blumenthal, Graham, Padilla – CBS News Watch CBS News Missed the second half of the show? Sens. Richard Blumenthal of Connecticut and Lindsey Graham of South Carolina give a rare, joint bipartisan interview and Sen. Alex Padilla also joins. Be the first to know Get browser notifications for breaking news, live events,…

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