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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 20, 2014

Bank of America settles securities probe, will pay $17 billion

The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. The deal calls for the bank, the sec... #Barack Obama #Merrill Lynch #Bank of America #U.S. Department of Justice #Citigroup #Eric T. Schneiderman #J.P. Morgan Chase & Co. #New York (state)
Debt Crisis

Aug 14, 2014

Eurozone recovery grinds to halt amid Ukraine fear

(AP) -- Well, that didn't last long. After four quarters of meager growth, the fragile economic recovery in the 18-country eurozone creaked to a halt in the second quarter. Growth was zero. After only 0.2 percent in the first quarter. Now who will ge... #Vladimir Putin #Europe #European Central Bank #Malaysia Airlines