Same president, same economic problems
Over the course of the past two decades, Recep Tayyip Erdogan's rise to power in Turkey has been accompanied by a striking devaluation of the country's currency, the lira. Shockingly, the lira has lost approximately 90% of its value against the US dollar during Erdogan's tenure. This drastic decline has had dire consequences, particularly in the form of rampant inflation, which has wreaked havoc on the Turkish economy.
The impeding doom from the debt ceiling is closing
The impending deadline for the United States to settle its financial obligations and prevent a historic national default looms near. In a race against time, legislators in Washington are fervently working towards reaching an agreement that would temporarily suspend the US debt limit, thereby averting a potentially catastrophic outcome for both the domestic and global economy.