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Hurdles Still There in US Debt Deal Struck By Top Lawmakers
Sunday saw the announcement by President Barack Obama of a last-minute deal on lifting the cap on borrowing limit of the US as he recommended the lawmakers to do the right thing by approving the...
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Debt Deal to Make Students Feel the Pinch
For the purpose of keeping the country away from a default and reducing deficits by a minimum of $2.1 trillion spread over a decade, a few students will be required to pay off their loans while they...
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U.S. Averts default but Fails to Dispel Economy Fears
Tuesday saw the United States stepping back from the verge of default; however there is no stopping fear of credit relegation as well as future tax and spending feuds. As US borrowing authority was...
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With the Debt Fight Over, Obama Promises Quick Action on Jobs
Having granted significant ground to Republicans in the debt ceiling fight, Tuesday saw President Obama re-claiming the proposal on the economy along with a promise of new effort to encourage job...
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Euro Problems Require Fixing Before Financial Markets Lose Their Faith
The US Congress may have had a close shave with a government-debt disaster; however in the region across the Atlantic, financial troubles are resurging. If the European leaders are unable to get the...
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Spending Cuts – Here comes the Difficult Part
Following months of political bickering, finally the lawmakers have been able to pass a bill which increases the debt ceiling and slashes spending. Now comes the difficult part. Though Congress has...
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U.S. Loses Triple-A Credit Rating as S&P Slams Debt, Politics
For the very first time, the triple-A credit rating hitherto enjoyed by the US was downgraded by Standard & Poor’s, as it criticized both the political process of the nation and the lawmakers for...
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Obama Advice Calm, However No Deal is in Prospect
Last few days has been remorseful for the nation, one gets to see the decline in the nation’s credit rating, poll figures show public support for Congress at record lows, which peaked on Monday with...
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S & P Downgrade Is Seen as Building up Pressure on Debt-Cutting Panel
Sunday saw lawmakers saying that the relegation in credit rating of the United States government’s given by Standard & Poor’s is more or less sure to increase the pressure on a new...
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S&P, Accused of Flawed Math, Fights Rule of Error Disclosure
A letter was received by securities regulators, from the president of Standard and Poor’s, saying that they shouldn’t ask the credit rating agencies to make a public revelation of all their...
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