Money Snatchers

IMF chief Dominique Strauss-Kahn said Saturday that state debt will be the “biggest problem” for the world economy in coming years and some countries will need seven years to fix their finances.

The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress.

I love hope these GOP losers are whining about debt from health care reform. Where were their backbones when Bush added $5.5 trillion more debt onto the American taxpayer with his unnecessary wars and tax cuts for the rich

Sept. 7 — Japanese bonds fell for a second day as stocks gained on optimism the global recession is easing, damping demand for the relative safety of government debt.

May 11 — Bill Gross , manager of Pacific Investment Management Co.’s $150 billion Total Return Fund , reduced his holdings of U.S. government debt last month for the first time since January.