Ethiopia on Tuesday became the third African nation in three years to default on its sovereign debt, following in the unfortunate footsteps of Zambia and Ghana. Ethiopia’s default was unsurprising, as it has pursued debt relief since 2021. As with many other developing nations, the Wuhan coronavirus pandemic slammed Ethiopia’s finances, followed by the enormous
BRICS Inductee Ethiopia Becomes Third African Country in Three Years to Default on Sovereign Debt
February 26, 2024 by
White House Correspondents’ Association slams Biden admin for not holding briefings as default deadline looms
July 30, 2023 by
The White House Correspondents’ Association (WHCA) is calling out the Biden administration for stalling press briefings ahead of Memorial Day weekend as the country’s default deadline looms. As President Biden and lawmakers are set to leave town amid tense negotiations, WHCA President and NPR White House correspondent Tamara Keith revealed the organization’s own talks with […]
Senate Sends Debt Ceiling Package To Biden’s Desk With Default Days Away
June 2, 2023 by
June 01, 2023 11:01 PM ET The Senate passed the Fiscal Responsibility Act Thursday night, sending the debt ceiling hike to President Joe Biden’s desk. Seventeen Republicans joined 46 Democrats to suspend the debt ceiling into January 2025, allowing the federal government to avoid a default on its debt less than one week before a
White House: We’re Not Negotiating over the Debt Limit and Have ‘to Get Default Taken off the Table’
May 17, 2023 by
On Tuesday’s broadcast of MSNBC’s “Alex Wagner Tonight,” White House Communications Director Ben LaBolt stated that President Joe Biden is still not negotiating over the debt limit and “What the President has been open to throughout this process is a budget negotiation, is an appropriations negotiation through the typical process.” Host Alex Wagner asked, “Let
CNN: ‘Ordinary People’ Are ‘White Supremacists by Default’
August 26, 2017 by
On Thursday, CNN’s John Blake published a story blaming “ordinary people” for making Charlottesville possible, and quoting a history professor who called such people “white supremacists by default.” “We are a country with a few million passionate white supremacists — and tens of millions of white supremacists by default,” Mark Naison, a political activist and […]