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us debt News

Op-Ed: Debt ceiling issue crisis looms at end of February in U.S.

Washington - As far as debt ceiling crises are concerned history does repeat itself at least in the U.S. The U.S. Treasury spent all its borrowed time and money by Friday Feb. 7 and now is forced to use emergency measures to keep on spending.
In the Media by Ken Hanly - 2 comments

Op-Ed: Here comes mega-crash v.3.0 as US default looks more likely

Washington - Republican leader Boehner has stated that the raising of the US debt ceiling is in doubt if President Obama doesn’t enter into discussion regarding a compromise. The US has effectively been funded by “extraordinary measures” since May this year.
In the Media by Paul Wallis - 5 comments

Jack Lew the US Treasury Secretary by magic hikes US debt ceiling

Washington - The US federal government legal borrowing limit is $16.7 trillion. Other times when the debt limit is nearly reached the press is active in stressing that a crisis is near and negotiations essential.
In the Media by Ken Hanly - 1 comment

Sequester cuts deal must be reached in US by March 1

Washington - As part of the fiscal cliff deal, automatic across the board cuts to spending, were put off until March 1. However, this leaves less than a month to work out a deal on a larger package or a smaller deal that would again postpone the cuts.
In the Media by Ken Hanly - 1 comment

Geithner says debt ceiling should be scrapped

Washington - Timothy Geithner, U.S. Treasury Secretary, said that the debt ceiling should be abolished as soon as possible. Geithner said that the debt ceiling was used as a lever for political advantage and that this was not a tenable strategy.
In the Media by Ken Hanly - 1 comment

Deal needed to avoid fiscal cliff and U.S. recession

Washington - The Congressional Budget Office(CBO) has just issued a report showing that if an agreement is not reached to avoid the fiscal cliff, the U.S. economy could drift back into a recession and the jobless rate could rise to over 9 percent by the end of 2013.
In the Media by Ken Hanly

German Finance Minister: U.S. debt, elections 'global burden'

Berlin - A four-year, nearly $6 trillion leap in U.S. debt brings the total U.S. deficit to $16 trillion, which has prompted German Finance Minister Wolfgang Schaeuble to highlight the global impact of November’s U.S. elections.
In the Media by Larry Clifton - 2 comments

Op-Ed: U.S. debt reaches $16 trillion

Washington - The Treasury Dept. website showed the debt at $15.99 trillion Thursday afternoon but then closed for the Labor Day weekend. The $16 trillion mark will be hit Sept 4 just as the Democratic Convention convenes in Charlotte N.C.
In the Media by Ken Hanly - 2 comments

Standard & Poor's downgrades US' credit rating

The United States, the world's largest economy, suffered a major economic setback on Friday, losing its AAA rating from the credit rating agency Standard & Poor's.
In the Media by John Louie S. Ramos - 1 comment

US taxpayers face 'new waves of waste' in Afghanistan, Iraq

Arlington - A US government report reveals the Afghan and Iraqi governments are unable to operate or pay for themselves, causing a threat of “billions of dollars of new waste” for US taxpayers under attack by politicians refusing to acknowledge the overseas war.
In the Media by Lynn Herrmann - 4 comments
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Wolfgang Schäuble  German finance minister (CDU) on March 9th 2011  during a pre-election party in ...
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Wolfgang Schäuble, German finance minister (CDU) on March 9th 2011, during a pre-election party in Bensheim (Hesse).
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