The United States was born into debt. The long, expensive Revolutionary War devastated the infant nation’s finances, and forced the United States to grapple with a primary public policy issue: How should debt and taxes be handled in the brave, new world of America? Today, as the United States teeters on the edge of the […]
Almost all of Greece’s private creditors have agreed to accept a loss on their investments, leaving their holdings of government debt almost 75 percent less. This new agreement will save the country around 100 million dollars and averts immediate default for the country. Mark Lowen is a reporter for our partner the BBC. The agreement […]