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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
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, 2025October 29, 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, 2025June 4, 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, 2025October 25, 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

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NATIONAL NEWS

  • US Designates 4 Antifa Groups as Foreign Terrorist OrganizationsUS Designates 4 Antifa Groups as Foreign Terrorist Organizations
    By Janice Hisle The U.S. government has designated four Antifa groups as both “Foreign Terrorist Organizations” and “Specially Designated Global Terrorists.” Those groups are: Antifa Ost, ...
  • SSA Watchdog Warns About New Government-Imposter ScamSSA Watchdog Warns About New Government-Imposter Scam
    By Naveen Athrappully A new government-imposter scam is targeting Social Security recipients via fake emails, letters, or texts, the Office of the Inspector General (OIG) ...
  • What’s Next for Congress After Government ReopensWhat’s Next for Congress After Government Reopens
    By Jackson Richman WASHINGTON—After more than 40 days, Congress has passed legislation to end the government shutdown. The bill funds the government through Jan. 30, 2026. It ...
  • House Votes to End Longest-Ever Shutdown, Sending Bill to Trump’s DeskHouse Votes to End Longest-Ever Shutdown, Sending Bill to Trump’s Desk
    By Joseph Lord and Nathan Worcester WASHINGTON—The House of Representatives on Nov. 12 passed a legislative package to end the longest government shutdown in U.S. ...
  • Hegseth Outlines 5 Pillars for Overhauling US Arms Procurement ProcessHegseth Outlines 5 Pillars for Overhauling US Arms Procurement Process
    By Ryan Morgan As the Pentagon reflects on recent conflicts and assesses the challenges to come, it is preparing several measures to dramatically overhaul its ...
  • Probe Launched After Antifa Targets Turning Point USA Event at UC Berkeley: DOJ OfficialProbe Launched After Antifa Targets Turning Point USA Event at UC Berkeley: DOJ Official
    By Janice Hisle Federal authorities are investigating events surrounding a violent Antifa protest at a conservative gathering in California, a top Justice Department official announced ...
  • 56 Arrested in Massachusetts Child Porn Sweep56 Arrested in Massachusetts Child Porn Sweep
    By Jill McLaughlin Massachusetts authorities arrested 56 people across the state for alleged child pornography activities in a crime sweep dubbed “Operation Firewall,” state police ...
  • 101 Missing Children in Memphis Rescued by US Marshals101 Missing Children in Memphis Rescued by US Marshals
    By Jack Phillips The U.S. Marshals Service has located and returned dozens of missing children in Memphis, Tennessee, over the past several weeks, the law ...
  • ICE Has Received More Than 200,000 Job Applications: DHSICE Has Received More Than 200,000 Job Applications: DHS
    By Naveen Athrappully Immigration and Customs Enforcement (ICE) has received more than 200,000 job applications, the Department of Homeland Security (DHS) stated in an X ...
  • Arctic Blast Sweeps Into US, Bringing Early Snow and Record LowsArctic Blast Sweeps Into US, Bringing Early Snow and Record Lows
    By Savannah Hulsey Pointer The first blast of Arctic air of the season pushed into the interior of the United States on Nov. 10. The ...
  • Federal Judge Dismisses Criminal Case Against Boeing for 737 MAX CrashesFederal Judge Dismisses Criminal Case Against Boeing for 737 MAX Crashes
    By Arjun Singh Chief Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas on Nov. 6 dismissed a federal criminal ...
  • Supreme Court Allows Trump’s Policy Requiring Sex at Birth on PassportsSupreme Court Allows Trump’s Policy Requiring Sex at Birth on Passports
    By Matthew Vadum The U.S. Supreme Court on Nov. 6 allowed the Trump administration to enforce its policy requiring the sex designation on a U.S. ...
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