Latest Maya MacGuineas News & Updates

Washington, March 12 (IANS) The US is heading towards an unsustainable debt trajectory that could trigger global financial shocks, economists have warned lawmakers during a Senate hearing, raising concerns that rising American deficits may push up global interest rates and ripple through emerging economies, including India.Opening the hearing of the Senate Finance subcommittee on fiscal responsibility and economic growth on Wednesday, Senator Ron Johnson said the country’s debt trajectory had …