How angry are Americans about drug prices and health insurance? Election Day might prove to be a barometer on those two issues as voters in two states will have their say on these topics.
Many Americans may find solace in having a deeply divided Congress that can’t pass controversial laws, but lawmakers have a significant must-do list next year. At the top is the need to address the expiration of the nation’s debt limit in March. Without action, the U.S. Treasury could face a unprecedented default as early as the summer.
A town in northern Puerto Rico has closed city hall and put nearly all of its employees on involuntary vacation because officials say they don’t have money to pay salaries.
Almost two million voters on the Caribbean island will choose a new leader to lead them out of a crippling recession which has put the island $70 billion (£56 billion) in debt, its worst crisis in six decades.
Pummeled by Brazil’s worst recession in a century, Rio is nearly bankrupt, with total debt set to reach 17.5 billion reals ($5.4 billion) by the end of the year.
The decision in Europe to stop printing the 500 euro note prompted concerns that governments were trying to make it harder to hold cash, and thus make it easier to impose deeper negative interest rates.
The Bank of Italy’s liabilities towards other euro zone central banks hit a new record high of 355.5 billion euros ($393 billion) in October, rising further above levels seen four years ago at the height of the euro zone’s debt crisis.
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