Tag: US debts

• Monday, September 19th 2011 - 21:20 UTC

  EU and US debt crises contagion threatens developing world investor confidence

  

  The head of the World Bank on Monday said a drop in investor confidence was already feeding through to developing nations from a growing debt crisis in advanced economies and urged “cooperative action.”

• Thursday, September 8th 2011 - 06:00 UTC

  S&P met privately large bond investors suggesting the US debt downgrade, says WSJ

  

  Ratings agency Standard & Poor's officials privately met with large bond-investors weeks before the firm's US debt downgrade, leaving some believing the chance of a rating downgrade was higher than they had previously thought, the Wall Street Journal said.

• Wednesday, August 10th 2011 - 19:33 UTC

  Zero probability of US default, “we can always print money to pay any debt”

  

  Former Federal Reserve Chairman Alan Greenspan downplayed the risk of a double-dip recession in the United States saying the domestic economy was in better shape compared to its European peers.

• Thursday, August 4th 2011 - 19:21 UTC

  US gross national debt equivalent to 100% of GDP, first time since 1947

  

  The United States gross debt shot up 238 billion dollars to reach 100% of GDP after the government's debt ceiling was lifted, Treasury figures showed. On Tuesday, the Treasury had to add more than 200 billion of commitments immediately after President Barack Obama signed into law an increase in the debt ceiling.

• Thursday, July 28th 2011 - 06:22 UTC

  The US government debt ceiling: what did Eisenhower do back in 1953?

  

  Should the US follow the example of President Dwight Eisenhower back in 1953, asks Alex J Pollok, resident fellow at the American Enterprise Institute and Anne Canfield president of Canfield & Associates, Washington, D.C. in an article published in The American Journal of the AEI.

• Thursday, July 28th 2011 - 06:19 UTC

  Lower House to vote on (doomed) Republican proposal to raise US debt ceiling

  

  US House of Representatives speaker John Boehner is urging Republicans to back his plan to cut the US budget and raise the debt limit. Boehner's appeal to conservative House Republicans came despite a White House veto threat and rejection from Democratic leaders in the Senate.

• Monday, July 25th 2011 - 20:53 UTC

  IMF calls for ‘swift rise in US debt ceiling’ and warns of risks to world economy

  

  The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.

• Monday, July 25th 2011 - 06:47 UTC

  US debt ceiling: Republicans insist in torpedoing Obama 2012 re-election bid

  

  US President Barack Obama reiterated on Sunday his opposition to any short-term plan to raise the US debt ceiling, while Republicans insisted on a two-step solution, a White House official said.

• Friday, June 3rd 2011 - 23:54 UTC

  With no accord on US debt limit, Moody’s could downgrade US ratings

  

  Moody's has warned it may downgrade the US debt rating if Congress fails to increase the US debt limit in the coming weeks and risks default. The agency warned of political “entrenchment” preventing an increase.