A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in recent years, raising worries about the tiny nation’s obligation to its biggest creditor — China. China became the largest foreign investor in Laos in late … Read more
BANGKOK — Thailand’s new Prime Minister Srettha Thavisin vowed to behave rapidly to alleviate the nation’s financial issues in his inaugural speech to Parliament on Monday, following 4 months of political uncertainty whereas parliamentarians have been unable to agree on a authorities. Srettha entered politics after a profession as a significant actual property develope r, … Read more
Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., converse to reporters about debt ceiling negotiations as they go away the Home Republicans’ caucus assembly on the Capitol Hill Membership in Washington, Might 23, 2023. Invoice Clark | Cq-roll Name, Inc. | Getty Photos WASHINGTON — Pressing talks to boost the U.S. debt ceiling … Read more
Speaker of the Home Kevin McCarthy, R-Calif., addresses the media after a gathering with with President Joe Biden on the debt ceiling on the White Home on Tuesday, Might 16, 2023. Tom Williams | CQ-Roll Name, Inc. | Getty Pictures WASHINGTON — Home Speaker Kevin McCarthy mentioned Monday that “selections need to be made” at … Read more
HIROSHIMA, Japan — President Joe Biden tried to reassure world leaders on Saturday that america wouldn’t default as he consulted with the heads of Australia, Japan and India in a gathering of the so-called Quad partnership that had been rapidly rescheduled due to the debt restrict standoff again in Washington. Hoping to avert an end … Read more