Governments are living in a fiscal fantasyland

Governments are living in a fiscal fantasyland
(Image: Getty)
The Economist
Wrangling over budgets is always part of politics, but today’s fiscal brinkmanship is truly frightening. In America, Democrats and Republicans are playing a game of chicken over raising the government’s debt ceiling. As the drama intensifies, the stakes are getting dangerously high. Janet Yellen, the treasury secretary, says her department could run out of cash to pay the government’s bills on June 1st if no deal is struck. Investors are beginning to price in the risk of what would be America’s first-ever sover...

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Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...

Staff reporters 01 Apr 2025