TowHaul
Heavy-Duty Lowboy and Haul Truck Recovery Solutions for the Mining Sector
30 July
The global economy earlier lent money to the US enabling the country to manage its public debt.
However, with the majority of the countries facing economic turmoil due to the Covid-19 pandemic, the US may not find lenders so easy to come by.
Brian Riedl, senior fellow at the Manhattan Institute shared an article on the rising national debt.
The Covid-19 pandemic and the subsequent stimulus packages has led to the increase in national debt in 2020 to $4tn.
By 2030, the national debt held by the public is expected to reach $41tn without accounting any additional stimulus packages planned to be announced.
The article questions as to who will lend the government the trillions of dollars, which is expected to create an unprecedented burden.
The Federal Reserve may have to continue buying government debt in the future.
In other news: The US government is considering a proposal to reduce the $600 per week unemployment benefits to $200 per week until October.
GlobalData's TMT Themes 2021 Report tells you everything you need to know about disruptive tech themes and which companies are best placed to help you digitally transform your business.
Find out moreHeavy-Duty Lowboy and Haul Truck Recovery Solutions for the Mining Sector
A Partnership in Technology
Air-Conditioning Units and Battery Coolers Chiller for Electrical Vehicles