Treasury

U.S. National Debt Surpasses GDP for First Time Since World War II

Business News Desk9 hours ago03 mins mins

The United States national debt has officially surpassed the country’s total gross domestic product (GDP), a historic milestone reached this month that marks the first time the nation has carried a debt-to-GDP ratio exceeding 100% since the aftermath of World War II. According to data provided by the U.S. Treasury, the accumulation of federal liabilities…

Treasury Issues More Sanctions on Iranian Oil Exports

Business News Desk2 days ago03 mins mins

The U.S. Department of the Treasury announced a new round of sanctions on Wednesday targeting Iran’s shadow banking system and international purchasers of its crude oil, specifically focusing on entities facilitating trade with China. These measures represent a significant escalation in Washington’s ongoing efforts to disrupt the revenue streams that finance the Islamic Revolutionary Guard…

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U.S. National Debt Surpasses GDP for First Time Since World War II

Treasury Issues More Sanctions on Iranian Oil Exports