Presidency of Barack Obama

White House ‘will not negotiate’ on debt ceiling

President Joe Biden, the Republicans and the U.S. economy were on a disastrous collision course yesterday after the White House made clear it will not negotiate over extending the nation's debt limit.

Treasury Secretary Janet Yellen warns that the government will run out of money and default on its debts as soon as June 1, if there is no authorization for more borrowing.

In 2022: Annual Revenues in Bulgaria Grew by 16.9% and Expenses by 19.1%

In 2022, the average annual income per person in a household is BGN 9,008 and it increased by 16.9% compared to 2021, according to data from the National Statistical Institute. For the last ten years (2013 - 2022), the average total income per household person increased 1.9 times.

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