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Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster

President Joseph Biden presented his third annual budget proposal at $6.8 trillion on Thursday, March 9. A day later Silicon Valley Bank (SVP), in Santa Clara, California, the nation’s 16th largest, declared bankruptcy, followed days later by New York …

President Joseph Biden presented his third annual budget proposal at $6.8 trillion on Thursday, March 9. A day later Silicon Valley Bank (SVP), in Santa Clara, California, the nation’s 16th largest, declared bankruptcy, followed days later by New York City’s Signature Bank. A half dozen others faced similar and immediate disasters, brought on, as with More

The post Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Jeff Mackler.


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" » Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster." Jeff Mackler | Radio Free - Tuesday March 28, 2023, https://www.radiofree.org/2023/03/28/capitalisms-looming-crises-from-budget-debt-hyperbole-to-banking-disaster/
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" » Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster." Jeff Mackler | Radio Free [Online]. Available: https://www.radiofree.org/2023/03/28/capitalisms-looming-crises-from-budget-debt-hyperbole-to-banking-disaster/. [Accessed: ]
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» Capitalism’s Looming Crises: From Budget Debt Hyperbole to Banking Disaster | Jeff Mackler | Radio Free | https://www.radiofree.org/2023/03/28/capitalisms-looming-crises-from-budget-debt-hyperbole-to-banking-disaster/ |

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