When the US Federal Reserve raised interest rates in 2015 to stimulate the economy, the US economy was in deep trouble.
According to the Congressional Budget Office, the Federal Reserve was unable to meet the long-term interest rates set by Congress to keep the economy from running out of money.
At the same time, the country was also losing jobs.
US workers were experiencing unemployment rates as high as 15% and even higher.
As the US struggled with a debt crisis, interest rates were going up, while the unemployment rate was falling.
In other words, the debt was becoming unsustainable.
This is exactly what has happened in the US today.
Since the US has gone into debt for the first time in its history, it is now facing a debt ceiling crisis that could be a debt catastrophe for years to come.
With interest rates already rising, the Fed could be forced to reduce the amount of money in the economy.
In this scenario, the rate would go up again and interest rates would skyrocket.
As a result, interest on the US debt would also rise.
With the economy on the brink of a debt-deflationary spiral, many believe that the US should have already reached a debt default, and that the Federal government should have taken steps to bail out the US government and its citizens.
In the aftermath of the financial crisis, the United Kingdom introduced a series of measures to bail it out.
These measures included paying off debts, providing cash to its banks, and providing guarantees for the repayment of the loans.
This was the first step in the UK’s recovery from the financial collapse.
The British Government, however, had a long way to go.
The country was in a financial crisis for years and many believed that it had already reached the debt ceiling.
However, the UK government has since made substantial progress.
With several bailouts and a number of additional debt relief measures, the British government has now made significant progress in restoring its finances.
While the UK has achieved some good progress on the debt front, it still has a long road ahead.
To be sure, the debts are still too large to fully pay off, and the economy is still not strong enough to pay back the money that is owed.
However and especially with the current political climate, there is a chance that the UK might actually reach a debt limit soon.
This would be a serious crisis, and it would make the country’s recovery much more difficult.
In order to avoid a default, the government would have to take drastic actions that would make it extremely difficult for the British to make a long-lasting recovery.
For instance, the Government could start to increase the debt by a massive amount.
A further increase in debt could be the result of a “fiscal cliff” that would push the UK to the brink in the near future.
These kinds of crises have happened in other countries as well.
For example, in 2008, a Greek debt crisis caused the country to default on its debts.
At that time, Greece had a huge debt burden and was facing a serious debt problem.
The Greek government also did not have the support of the European Union and the United Nations.
As such, it was unable at that time to make the necessary reforms.
The debt crisis also resulted in a massive devaluation of the Greek currency.
As many economists have pointed out, Greece would have been in a very bad situation without the devaluation and the country would have lost all the money it owed the IMF.
However with the devaluations and the debt relief, the economy recovered and it is today the largest economy in Europe.
As countries have made substantial strides in making the necessary debt relief and reforms, they have also made some progress in the debt crisis.
In 2015, the IMF reduced its forecast for the United Arab Emirates’ debt to 4% of GDP and the European Central Bank has reduced its expectations for the country.
With debt relief on the horizon, the governments of the UK and the US are also now in a much better position to make progress on their debt issues.
As of now, the next step in dealing with the debt issue is to pay it off.
But with the rise in interest rates and the fact that the debt is now in serious danger of default, debt restructuring could actually be the last thing on the table for the US.
As long as the debt situation in the USA continues to spiral, the future of the US economic recovery will depend on the decisions that are made by the US Congress and the White House.