“Most importantly it will allow us to avoid default and end the crisis that Washington imposed on the rest of America. And it will allow us to lift the cloud of doubt and uncertainty.” President Barack…
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Articles on US economy
Displaying 261 - 268 of 268 articles
“A catastrophe on multiple levels.” That’s how New York Times columnist Paul Krugman characterised the US debt deal brokered this week between Democrats and Republicans. President Obama on Tuesday signed…
US President Barack Obama says Democrat and Republican leaders have reached an agreement on reducing US debt, before the August 2 debt ceiling deadline. Failure to reach a deal may have led to a historic…
After initially refraining from public comment, China has now joined the ranks of countries and international institutions voicing concerns over the US public debt-ceiling impasse. Late last month, China’s…
Minnesotans have breathed a sigh of relief after the state’s Republican-led legislature signed off on a budget deal negotiated with Democratic Governor Mark Dayton, ending a three-week state government…
International ratings agencies Moody’s and Standard & Poors have both indicated they would consider downgrading the US’s debt rating as negotiations aimed at raising the country’s statutory US$12.3…
For some time, it appeared that the severity of the global financial crisis had created a compelling “learning moment” that promised to return the world to a more civilised form of capitalism. Insufficient…
Share markets in the US and around the world are expected to fall again this week following sharp declines on Wall Street last week. The Dow Jones industrial average closed on Friday down 2.3% for the…
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