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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
US will hit borrowing limit on 31 December, warns Geithner

Dec 27, 2012

US will hit borrowing limit on 31 December, warns Geithner

The US government will hit the $16.4 trillion federal borrowing limit by 31 December, setting in motion emergency measures that might buy the government time until February or March before it faces a full-blown debt crisis. #Barack Obama #WhatNext #Timothy Geithner #US debt crisis #US Debt Ceiling
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 supercommittee'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