Debt crosses $14 trillion mark
Posted on January 20, 2011 by
The amount of U.S. debt subject to the country’s legal maximum has topped $14 trillion for the first time.
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Congress urged to raise debt limit
Posted on January 16, 2011 by
The Congress must allow the country to borrow more to avoid a debt default that would wreak havoc on financial markets and imperil the U.S. economy, Democratic and Republican lawmakers said on Sunday.
Continue ReadingGoolsbee Warns Congress on Debt Ceiling 'Insanity' – Political Punch
Posted on January 2, 2011 by
President Obama’s top economic advisor Austan Goolsbee warned against “playing chicken” with raising the country’s debt ceiling in an exclusive interview this morning on ABC News ‘This Week.’ Goolsbee, the chairman of the White House …
Continue ReadingFresh Spanish public debt, bad loan figures pile on pressure
Posted on December 17, 2010 by
Spain’s public debt rose to a 10-year record and bad bank loans struck a 14-year high, central bank figures showed Friday, as the country battles market fears it may be the next to seek a bailout.
Continue ReadingDebt Tumbles Most Since August Amid Bailout: Argentine Credit
Posted on November 30, 2010 by
The biggest tumble in Argentine bonds in more than three months is causing the country to lag behind emerging-market debt on concern Europe’s financial crisis will spread beyond Ireland.
Continue ReadingOverwhelmed by Debt? Go on a Debt Diet
Posted on November 1, 2010 by
Eleven trillion dollars of debt: that’s the current amount of consumer debt in this country. Even though this staggering number has decreased since 2008, the average American is $16,000 in debt, not including a mortgage. One Massachusetts mother is trying to get rid of the burden that many of us are keeping a secret
Continue ReadingDebt fears holding back NZ recovery, says Fletcher CEO
Posted on June 29, 2010 by
New Zealanders’ concerns about debt are restraining the economic recovery as people focus on deleveraging rather than spending money, according to the chief executive of the country’s biggest listed company and largest building materials…
Continue ReadingSummary Box: Rates fall on Greek debt concerns
Posted on April 15, 2010 by
GREECE QUESTIONS: Interest rates dropped in the bond market Thursday on renewed concerns that a bailout for Greece might not be enough to prevent the country from defaulting on its debt.
Continue Readingnrc.nl – International – Opinion – Iceland needs international …
Posted on January 12, 2010 by
So Brown and Bos saddled Iceland with additional foreign debt amounting to an extra 40 percent of its gross domestic product, failing to check whether, legally, the country was really obliged to reimburse Dutch savers. …
Continue ReadingOn tackling debt: Some say ‘Just do it’
Posted on November 11, 2009 by
Left to their own devices, lawmakers won’t successfully deal with the country’s spiraling debt situation. That’s the opinion of some key members agitating for a special commission to force the hand of Congress.
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