PODGORICA (Reuters) - Montenegro's government raised value-added tax (VAT) by 2 percentage points to 19 percent on Tuesday, in a move that coincided with IMF warnings that it should stop accumulating public debt. Full story
TOKYO (Reuters) - Some members of the Bank of Japan's policy board expressed concerns that increased purchases of government debt could actually impair financial markets and discourage bank lending, minutes of their April 3-4 meeting showed. Full story
TOKYO (Reuters) - A senior Bank of Japan official said on Wednesday the central bank will consider increasing the frequency of its long-term government debt purchases in response to bond dealers' concerns about distorting markets. Full story
MOSCOW (Reuters) - The Group of 20 nations will pledge to reduce public debt but are likely to agree on concrete targets only at a leaders' summit in September, EU Economic and Monetary Affairs Commissioner Olli Rehn said. Full story
A non-partisan group determined to fix the sky-rocketing national debt went to Capitol Hill Wednesday, meeting with both Republican and Democratic leaders. David Cote, chairman and CEO of Honeywell, was among the leaders and he recapped the meeting to NBC’s Andrea Mitchell.
National debt topped $16 trillion last month. Maya MacGuineas, New America Foundation, offers insight.
The current U.S. national debt is shown on TV screen during the House Financial Services Committee hearing on "Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts" on Capitol Hill in Washington June 26, 2013. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)
A clock with the current U.S. national debt is displayed inside the House Committee on Financial Services as U.S. Chairman of the Federal Reserve Ben Bernanke testifies on Capitol Hill in Washington, February 27, 2013. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)