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Bank shares are underperforming on Tuesday. The post Morgan Stanley tips 5% earnings downgrades for ASX 200 bank shares. Here's why appeared first on The Motley Fool Australia.
S&P/ASX 200 Index (ASX: XJO) shares are down 0.7%, and the bank shares are underperforming on Tuesday. At the time of writing, the Commonwealth Bank of Australia (ASX: CBA) share price is $162.… [+4472 chars]
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Debt held by the public measures what the government owes to outside investors, while total public debt outstanding also includes intra-governmental holdings, which is money one part of the government owes to another.
The Congressional Budget Office identifies increased spending on Social Security and Medicare due to an aging population, alongside rising interest costs on existing debt, as the main drivers.
The current ratio has surpassed 100%, moving toward the all-time record of 106% set in 1946 following World War II.