defuse

Record-high national debt is fiscal time bomb for US. Congress must defuse it.

Founding Father’s fear has come true: Federal debt burden now is the greatest threat to the U.S. economy, national security and social stability. In the late 1780s, the finances of the United States were in disarray. Revolutionary War debts incurred by the Continental Congress and former colonies were defaulting, and the democratic experiment in the …

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‘China is trying to defuse a financial time bomb that could severely damage its banking system.’

China’s Colossal Hidden-Debt Problem Is Coming to a Head [WSJ] China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending. The International Monetary Fund and Wall Street banks …

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