Obama and Leaders Reach Debt Deal to avoid default

Obama and Leaders Reach Debt Deal to avoid default

Barack Obama has reached an agreement with Republican and Democratic congressional leaders aimed at ending the US debt deadlock that threatened to throw the US and world economy into chaos.…

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World Stock Markets Sink

World Stock Markets Sink

World stock markets continued their downward slide as U.S. politicians let another day go by without making visible progress on a compromise that would allow the U.S.Treasury to borrow money…

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US AAA-rating Already Compromised?

US AAA-rating Already Compromised?

Over the weekend, US congressional negotiators focused their attention on Speaker of the House – John Boehner’s (R-Ohio) proposal to raise the debt limit in two stages. Their goal was…

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ITALY; Next Victim of the Euro Debt Crisis?

ITALY; Next Victim of the Euro Debt Crisis?

Euro-zone finance ministers held their last meeting before a summer recess  to focus on a second aid package for Greece. But over the weekend, their attention was switched to a…

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