BizNews BizNews Radio

Inside world economy engine room: US debt will soon exceed its economic output - Wall Street Journal

Loading player...
US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, the result of a giant fiscal response to the coronavirus pandemic, says BizNews partner Wall Street Journal. The Congressional Budget Office said Wednesday that federal debt held by the public is projected to reach or exceed 100% of US gross domestic product, the broadest measure of US economic output, in the fiscal year that begins on Oct. 1. That would put the US in the company of a handful of nations with debt loads that exceed their economies, including Japan, Italy and Greece. Learn more about your ad choices. Visit megaphone.fm/adchoices
3 Sep 2020 3AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min
All episodes