If Democrats and Republicans cannot agree on how to raise the debt ceiling, there are concerns many positions could be lost this summer.

President Joe Biden and US congressional leaders are planning to meet on Tuesday to resume debt limit negotiations as the clock ticks down to the crunch point when the US will be forced to default. Kathleen Hays reports on Bloomberg Television.
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Where we are in the Big Cycle of #money, #credit, #debt, and #economic activity. #principles #raydalio

A Vancouver family continues to face the repercussions of high-interest payday loans after their vulnerable son fell into more than $45,000 of debt in the span of months.

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Rep. Andy Harris, R-Md., joined ‘Cavuto: Coast to Coast’ to discuss the debt ceiling as the White House and GOP struggle to make a deal amid new fears of a June deadline.

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A system is only as good as the decisions made by the people running it.

Today’s guest expert is highly concerned that the leaders currently in charge of our financial system are out of their depth & putting us on a course to crisis.

A crisis, that when it fully arrives, they will address with “solutions” that require even more centralized control by the people who caused the disaster in the first place.

So what risks exactly does he recommend we prepare for?

We’ll find out now, as we’re fortunate to be joined by Matthew Piepenburg, Commercial Director at Matterhorn Asset Management AG – GoldSwitzerland
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Putin cancels Africa’s debts worth over US$20 billion. Russia has become a key ally to many African countries, and Putin has made significant strides in strengthening the relationship between the two regions. At the “Russia-Africa in a multipolar world” conference, Putin reiterated Russia’s commitment to prioritizing cooperation with African nations. The cancellation of African debts is just one example of the bold steps Russia has taken to build a more productive and mutually beneficial relationship with the continent over the years.
Putin has cancelled more than $20 billion in debt owed by African countries. This debt had been accumulated during the Soviet era. In the past, Russia had attempted to collect these debts, which were mainly a result of Moscow’s previous alliances with African countries that supported its communist ideology. During this time, Russia provided military equipment and technical assistance to countries such as Angola, Algeria, the Democratic Republic of Congo (DRC), Ethiopia, Namibia, Mozambique, Morocco, and South Africa, among others. As a result, many African nations found themselves heavily indebted to Russia, with official documents estimating the total amount at $20 billion.

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