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Republicans have damaged US economy, credibility: Obama

Oct 17, 2013

Republicans have damaged US economy, credibility: Obama

President Barack Obama on Thursday blasted Republican opponents who he said had damaged America's economy and credibility, issuing a stern rebuke from the White House after a prolonged standoff that forced a government shutdown and threatened default #Barack Obama #US congress #USA #Republicans #US debt crisis #Joe Biden #US government #Obamacare #Debt ceiling #US government shutdown
The $1 trillion coin: Krugman's loony idea to save US

Jan 09, 2013

The $1 trillion coin: Krugman's loony idea to save US

Economist Paul Krugman's silly idea to get over the Republican refusal to raise the US debt ceiling is a dangerous one. It will destroy all trust in the dollar #US Federal Reserve #Paul Krugman #US debt crisis #US fiscal cliff #$1 trillion Platinum Coin
Is US the next Greece? Watch out for a dollar debacle

Jul 04, 2012

Is US the next Greece? Watch out for a dollar debacle

If one looks at the structure of US debts, the picture looks worse than Greece. Sooner or later there will be hell to pay. The question is who will pay? #Eurozone #US debt crisis #Mises Post #Dollar Debacle
Failure to cut debt will jeopardise US security: Panetta

Nov 22, 2011

Failure to cut debt will jeopardise US security: Panetta

US Defence Secretary Leon Pannetta has expressed displeasure over the congressional super-committee's failure to reach a consensus on the debt reduction plan. US faces nearly $1.3 trillion deficit in the fiscal year by September. #Leon Panetta #US debt crisis

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Debt Crisis

Sep 16, 2014

The Middle Class and Working Poor's Lifelong Losing Game -- In 10 Slides

They say a picture's worth a thousand words. If that's true, the following 10 images could provide the lyrics for a thousand blues songs. The graphs are taken from series of recent reports which, when considered together, create a paint-by-numbers pi... #United States Department of Education #Wall Street #Huffington Post
Debt Crisis

Sep 15, 2014

World waits for white smoke as Fed weighs interest rates

Further hints as to when the first US interest rate hike in more than eight years will happen could come on Wednesday after governors of the country's central bank's meet. As the US economy picks up pace its Federal Reserve is inching closer to raisi... #European Union #China #Europe #Dublin, Ireland #European Central Bank #Trinity College, Dublin #Federal Reserve #Bloomberg
Debt Crisis

Sep 12, 2014

New Russia Sanctions: A Salvo In The Energy War?

The US imposed additional sanctions on Russia’s finance, energy, and defense sectors today over its involvement in the Ukraine crisis, on the heels of another round of sanctions from the EU: The U.S. Treasury Department tightened on September 12 debt... #Sberbank #United States Department of the Treasury #Russia #Ukraine