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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

Aug 15, 2014

Weakness in Eurozone, Asia pose risks to U.S. economy

Troubles in the global economy have dogged the American economy since early in the recovery, with the Eurozone debt crisis, the so-called Arab Spring in the Middle East and the Japanese tsunami all swiping momentum from U.S. growth in varying degrees...
Debt Crisis

Aug 25, 2014

Talk of ECB action grows as European economy fades

(AP) -- Worries about the economy are rippling through Europe. Downbeat data have pushed the European Central Bank closer to more drastic action to keep the hesitant recovery from stalling completely. Meanwhile, open feuding in the French government ... #Europe #Middle East #European Central Bank #Mario Draghi #Commerzbank
Debt Crisis

Aug 24, 2014

The eurozone needs an alternative solution to its economic woes

ECB head Mario Draghi is calling for more growth-friendly policies, but a little quantitative easing won't do the job In France it was 2006. In Ireland and Spain it was 2003. In Greece it was 2001. In Portugal and Cyprus 2000, in Italy 1997. That's h... #Cyprus #Mario Draghi #European Union #European Central Bank #Europe