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"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame
"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame
It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.
After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers...
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India's Power Demand Hits Record High As Heat Drives Coal Use
India's Power Demand Hits Record High As Heat Drives Coal Use
Submitted by Irina Slav of OilPrice.com
India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand.
Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high,” India’s power ministry said, as quoted by AFP.
After milder temperatures tempered demand growth in the fiscal year to March...
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