All articles tagged with #fiscal strain
Russia's economy is under significant strain due to the costs of the Ukraine war, with signs of fiscal exhaustion, declining real growth, and increased internal financing pressures, suggesting the country's economic house of cards is still standing but fragile.
The Congressional Budget Office has warned that the US government could run out of cash in the first two weeks of June, setting the country up for a default. The Treasury Department has been using accounting maneuvers known as extraordinary measures to keep paying the country’s bills without breaching the $31.4 trillion borrowing cap, which was officially reached on Jan. 19. The nonpartisan budget office outlined the fiscal strain facing the government as the legislative standoff continues. It also noted that the timing and revenue coming into the government, as well as its expenditures, were hard to predict.