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Germany Boosts Debt Sales; Chicago Faces Budget Showdown

12/18/2025

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Germany's Debt Increase

Germany will raise federal debt sales by 20% in 2026 to a record €512 billion for infrastructure and military modernization.
In Chicago, Chicago Mayor Brandon Johnson's bond proposal was reduced by $1 billion amid rising interest costs and a looming budget deficit, and the city council remains divided over how to manage the deficit.
Johnson's administration seeks significant new debt for infrastructure and back pay.

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Court Discharges Debts

The Jerusalem Magistrate’s Court discharged more than 500,000 shekels in debt for a 75-year-old woman whose son incurred the liabilities without her knowledge due to his drug addiction.
The court ruled continuing insolvency would be unjust.
The woman testified, "I work to pay debts I did not create."
In Delaware, over 18,000 residents will receive forgiveness letters for medical debt totaling $18.8 million as part of a state program aimed at alleviating financial burdens.

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Germany's Debt Increase

Germany will raise federal debt sales by 20% in 2026 to a record €512 billion for infrastructure and military modernization.
In Chicago, Chicago Mayor Brandon Johnson's bond proposal was reduced by $1 billion amid rising interest costs and a looming budget deficit, and the city council remains divided over how to manage the deficit.
Johnson's administration seeks significant new debt for infrastructure and back pay.

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