Economic Crisis

U.S. Debt Ceiling Crisis Risk On Peak Again In 2023

U.S. Debt Ceiling Crisis Risk On Peak Again In 2023

With new leadership in the U.S. In The House of Representatives, the risk of deadlock over the debt ceiling may lead to a fiscal crisis the highest ever, according to Jason Furman, former top economic adviser during the administration of President Barack Obama.  The Debt Ceiling is the maximum amount of money the United States…

Sri Lanka Closed Schools and Halt Non-essential Govt Services Amid Economic Crisis

Sri Lanka Closed Schools and Halt Non-essential Govt Services Amid Economic Crisis

Sri Lanka is in heavy debt and has been confronting a financial crisis for a long time. Due to this, now the country has begun a two-week shutdown, followed by closed schools and halted all non-essential services. The country took this step to conserve fast-depleting fuel reserves. The International Monetary Funds opened the talks with…