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Tag: National Debt of the United States

The national debt of the United States is the total debt, or unpaid borrowed funds, carried by the federal government of the United States, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.

Barclays Revises US Recession Outlook After China Trade Truce
Posted inNational News

Barclays Revises US Recession Outlook After China Trade Truce

USNN World Newsby USNN World NewsMay 16, 2025May 16, 2025

By Katabella Roberts Barclays no longer expects the United States economy to fall into a recession later this year and has revised up its growth forecasts following a temporary truce in the trade war between China and the United States, it said in a note published on May 15. The British bank said it now […]

US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report
Posted inEconomy

US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report

USNN World Newsby USNN World NewsMay 15, 2025May 15, 2025
The Fed Fears Inflation While Ignoring Deflation
Posted inEconomy

The Fed Fears Inflation While Ignoring Deflation

USNN World Newsby USNN World NewsMay 14, 2025May 14, 2025
Student Loan Delinquencies Soar as Pandemic-Era Protections Expire
Posted inEconomy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

USNN World Newsby USNN World NewsMay 13, 2025May 13, 2025
US Officials Say Deal Struck With China to Address Trade Deficit
Posted inWorld

US Officials Say Deal Struck With China to Address Trade Deficit

USNN World Newsby USNN World NewsMay 11, 2025May 11, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025
How Major US Stock Indexes Fared May 7
Posted inEconomy

How Major US Stock Indexes Fared May 7

USNN World Newsby USNN World NewsMay 7, 2025May 7, 2025
How Major US Stock Indexes Fared May 6
Posted inEconomy

How Major US Stock Indexes Fared May 6

USNN World Newsby USNN World NewsMay 6, 2025May 6, 2025
Market Review S&P 500 and Dow Achieve Nine-Day Rally
Posted inEconomy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

USNN World Newsby USNN World NewsMay 3, 2025May 3, 2025

Posts pagination

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NATIONAL NEWS

  • Deadly Storms Rip Through Kentucky and Missouri, Leaving at Least 23 Dead, Dozens InjuredDeadly Storms Rip Through Kentucky and Missouri, Leaving at Least 23 Dead, Dozens Injured
    By Tom Ozimek and T.J. Muscaro Severe storms that swept across the Midwest and South on Friday killed at least 23 people and injured dozens ...
  • Patel Says FBI Is Moving Out of Washington HeadquartersPatel Says FBI Is Moving Out of Washington Headquarters
    By Jack Phillips FBI Director Kash Patel on Friday morning confirmed that the FBI is leaving its Washington headquarters, known as the J. Edgar Hoover ...
  • Barclays Revises US Recession Outlook After China Trade TruceBarclays Revises US Recession Outlook After China Trade Truce
    By Katabella Roberts Barclays no longer expects the United States economy to fall into a recession later this year and has revised up its growth ...
  • New Jersey Train Engineers Go On Strike, Halting Service in New York City AreaNew Jersey Train Engineers Go On Strike, Halting Service in New York City Area
    By Oliver Mantyk NEW YORK CITY—New Jersey Transit train engineers went on strike on May 16, halting service to 350,000 riders in the New Jersey ...
  • Supreme Court Wrestles With Nationwide Injunctions in Birthright Citizenship CasesSupreme Court Wrestles With Nationwide Injunctions in Birthright Citizenship Cases
    By Sam Dorman The Supreme Court on May 15 grappled with how far federal judges could go in issuing sweeping blocks on policies such as ...
  • EPA Targets Engine Start-Stop Systems in CarsEPA Targets Engine Start-Stop Systems in Cars
    By Tom Ozimek The Trump administration is taking aim at automatic engine start-stop systems—technology installed in millions of U.S. vehicles to reduce fuel use and ...
  • Republicans Release Sweeping Tax Plan, Key Component of Trump’s AgendaRepublicans Release Sweeping Tax Plan, Key Component of Trump’s Agenda
    By Andrew Moran The House Ways and Means Committee, which manages taxes, released the full 389-page text of the long-awaited multi-trillion-dollar Republican tax plan on ...
  • US Could Hit Debt Limit in August, Bessent SaysUS Could Hit Debt Limit in August, Bessent Says
    By Andrew Moran and Lawrence Wilson The federal government is likely to exceed its statutory debt limit in August, when Congress is slated for a ...
  • DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention CenterDHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
    By Tom Ozimek A confrontation erupted Friday at a New Jersey detention center after three Democratic members of Congress and a group of protesters entered ...
  • FEMA Confirms Acting Administrator Hamilton Has Been ReplacedFEMA Confirms Acting Administrator Hamilton Has Been Replaced
    By Jacob Burg Cameron Hamilton, acting administrator of the Federal Emergency Management Agency (FEMA), has been terminated and replaced, the agency said on May 8. Politico ...
  • Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing BattlesArmy Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles
    By Ryan Morgan U.S. Army leaders fielded questions from lawmakers on May 7 over their latest plan to prepare the fighting force and streamline their ...
  • FAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing PushFAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing Push
    By Bill Pan The Federal Aviation Administration (FAA) said Wednesday it is taking immediate steps to address problems that have escalated flight delays and cancellations ...
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