Global Debt Crisis Looms as Saudi Minister Warns of Risks

As global public debt reaches a staggering $97 trillion, Saudi finance minister Mohammed Al-Jadaan warns that sovereign debt poses the biggest risk to global growth in 2025, particularly for low-income countries. Meanwhile, South Carolina's State Treasurer Curtis Loftis introduces a new personal finance lesson for elementary students to promote financial literacy. In Columbus, Ohio, a proposed tax levy aims to improve public transit, while Jamaica's new Finance Minister Fayval Williams outlines her vision for economic growth. Join us as we explore these critical financial stories shaping our world.

Sources:
https://www.cnbc.com/2024/10/31/sovereign-debt-is-biggest-risk-to-global-growth-in-2025-saudi-minister.html
https://www.abccolumbia.com/2024/10/30/state-treasurer-curtis-loftis-launches-new-personal-finance-lesson-for-elementary-students/
https://www.10tv.com/article/news/local/boomtown-ohio/cota-tax-levy-issue-47/530-8c80376e-057f-4e9d-a477-9dbf17039950
https://jamaica-gleaner.com/article/news/20241030/fayval-williams-ready-build-economic-gains-new-finance-minister

Outline:
(00:00:00) Introduction
(00:00:46) Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
(00:02:57) State Treasurer Curtis Loftis launches new personal finance lesson for elementary students
(00:05:22) Finance professor explains COTA tax levy. Here's how much it will cost the average taxpayer
(00:08:30) Fayval Williams ready to build on economic gains as new Finance Minister