Latest National debt News
Small businesses could find filing for bankruptcy more difficult as government program expires
NEW YORK (AP) — A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more than $3 million in debt. The filing type, known as Subchapter V, is cheaper and less...
Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship
ABUJA, Nigeria (AP) — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country. The bank said in a statement late...
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
GENEVA (AP) — Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to pay for basic government services like health care, education and climate action. ...
