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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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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