Latest news with #interestpayments
CTV News
3 days ago
- Business
- CTV News
Debt clock arrives in Manitoba
The Canadian Taxpayers Federation brought its debt clock to Manitoba, showing how much the province's debt and interest payments are growing.
Bloomberg
16-07-2025
- Business
- Bloomberg
ECB Must Consider Losses When Deciding on QE, Bundesbank Says
The European Central Bank must consider potential losses when deciding in the future whether to stimulate demand through large-scale bond-buying, according to the Bundesbank. Recent shortfalls — due to higher interest payments on the excess liquidity created by such purchases — have been 'more serious' than expected, Germany's central bank said Wednesday in a report on the ECB's recent assessment of its monetary-policy strategy.
New York Times
27-06-2025
- Business
- New York Times
The Senate Should Let Trump's Bill Die
The rise of the federal debt over the past two decades has prompted countless warnings that the United States is approaching a fiscal reckoning, a day when the government won't be able to drink all it wants from the fountain of easy money. The more immediate danger is that the fountain keeps flowing. The fear of a future crisis is distracting attention from the problems that the government's dependence on debt is already causing. We, the people, are spending a staggering amount of money each year to borrow money. The interest payments on the federal debt now exceed the government's spending on the military. They are roughly equal to the annual cost of Medicare. The sum is more than the government spends on anything except Social Security. President Trump's 'Big Beautiful Bill' would deepen this profligacy, repeating the mistakes of the 2017 legislation on which it is based. Once again, Republicans are proposing to reduce taxation. Once again, they are proposing to force the government to borrow more to pay its bills. Once again, federal spending on interest payments would rise — and money spent on interest is money that can't be spent on other things. The government is on pace to pay more than $1 trillion to its lenders this year. The House version of Mr. Trump's bill, already approved by that chamber, would increase interest payments on the debt by an average of $55 billion a year over the next decade, according to the Congressional Budget Office. The increase alone is enough money to fully repair every bridge in the United States. The Senate is still working on its bill, but early signs suggest it may cost even more than the House version. America's debt cost is already a large expenditure and would rise further if Trump's budget bill passes. Under the House bill Annual Net Interest Current law $1.6 trillion Social Security $1.45 trillion $1.2 trillion Medicare $865 billion $800 billion Defense $855 billion Medicaid $618 billion $400 billion Projection '90 '00 '10 '20 '30 Under the House bill Annual Net Interest Current law $1.6 trillion Social Security $1.45 trillion $1.4 trillion $1.2 trillion $1 trillion Medicare $865 billion Defense $855 billion $800 billion $600 billion Medicaid $618 billion $400 billion $200 billion Projection '85 '90 '95 '00 '05 '10 '15 '20 '25 '30 Sources: Congressional Budget Office Social Security, Medicare, Medicaid and Defense costs are for 2024. Because the Trump administration and House Republicans have savaged the C.B.O.'s analysis, it is worth adding that Phillip Swagel, who heads the office, is a Republican reappointed at the behest of House Republicans just two years ago. At the time, they praised his 'objectivity and integrity.' The C.B.O.'s analysis closely resembles independent assessments by the Penn Wharton Budget Model, the Yale Budget Lab and the Tax Foundation. Want all of The Times? Subscribe.
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
Ted Cruz Stumbles on a Source of Monetary Madness
Talk about the right debate for the wrong reason. A relatively obscure bit of financial regulation has become a projectile in the Capitol Hill food fight over a five-course budget bill. Alas, the thrower of this missile is missing the target. At issue is the central bank's practice of paying interest to commercial banks on the reserve balances they deposit at the Federal Reserve. Sen. Ted Cruz (R., Texas) tried to launch a debate about this earlier in June when he suggested that if Congress barred these interest payments in its budget bill, it would save the government $1 trillion over 10 years. Many voters might be surprised to discover the Fed is making such large payments to banks. When Congress in 2006 authorized the central bank to pay interest on reserve balances as of 2011, it seemed like an academic matter. The theory was that to satisfy regulatory reserve requirements, banks must forgo the income they otherwise would earn from that capital. That lost revenue constitutes a form of tax, and the Fed could soften the blow by paying interest on those reserve balances. The stakes appeared low. Before the 2007-08 panic, reserve balances tended to be relatively small, and one could argue that the 'tax' was a fair price for banks to pay for access to Fed support in times of trouble.
Yahoo
19-06-2025
- Business
- Yahoo
Denarius Metals Announces Details for the June 30, 2025 Interest Payments on Its Convertible Unsecured Debentures
Toronto, Ontario--(Newsfile Corp. - June 19, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming interest payments on its convertible unsecured debentures on June 30, 2025. Pursuant to the recently completed consent solicitation process, the trust indentures for its debentures were amended on June 18, 2025 (the "Third Supplemental Indentures") to allow the Company to issue common shares rather than using cash to settle the monthly interest payments on the debentures from June 30, 2025 to May 31, 2026, inclusive. As of today's date, the Company has an aggregate principal amount of CA$19,886,560 of debentures due October 19, 2029 (the "2023 Debentures") and an aggregate principal amount of CA$14,287,914 of debentures due May 30, 2030 (the "2024 Debentures") issued and outstanding. The table below summarizes the details for the shares to be issued to holders of the 2023 Debentures and 2024 Debentures on June 30, 2025 in settlement of the monthly interest due on that date: Principal Amountof Debentures (1)(CA$) Maximum Interest (2)(CA$) Maximum Numberof Shares to be Issued (3) Number of Sharesper CA$1.00 ofPrincipal 2023 Debentures Total before the following19,521,000 195,210 325,350 0.016667Consent Fee Debentures (4)365,560 1,444 2,406 0.006582Total issued & outstanding19,886,560 196,654 327,756 2024 Debentures Issued & outstanding14,015,460 140,155 233,591 0.016667Consent Fee Debentures (4)272,454 1,076 1,793 0.006582Total issued & outstanding14,287,914 141,231 235,384 Total34,174,474 337,885 563,140 (1) Issued and outstanding as of June 19, 2025.(2) Assuming no conversions of debentures between today's date and June 30, 2025.(3) Based on the closing price of the common shares on Cboe CA of CA$0.60 per share on June 13, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures.(4) The Consent Fee Debentures were issued on June 18, 2025 pursuant to the consent solicitation process. As stipulated in the Third Supplemental Indentures, the interest payments for the period from the date of issue to but excluding June 30, 2025 are equal to CA$0.00395 for each CA$1.00 principal amount of debentures. The actual number of common shares to be issued will be determined based on the aggregate principal amount of the debentures issued and outstanding on the record date and will not exceed the maximum number issuable as shown in the table above. The issuance of the common shares in settlement of the interest payable on the debentures on June 30, 2025 is subject to the acceptance of Cboe Canada. The Consent Fee Debentures are currently subject to a statutory four month hold period, and as such, the common shares to be issued in settlement of the interest thereon will be subject to the same hold period. Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) will receive an aggregate of 144,068 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures. About Denarius Metals Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF". In Colombia, Denarius Metals recently commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin. In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has recently been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain. Additional information on Denarius Metals can be found on its website at and by reviewing its profile on SEDAR+ at Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including Cboe Canada final acceptance of the share issuance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. For Further Information, Contact: Michael DaviesChief Financial Officer(416) 360-4653investors@ To view the source version of this press release, please visit
