United States

Friday, August 12th 2011 - 17:27 UTC
US retail sales up in July, but consumer confidence down to its lowest since 1980

US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.
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.
Wednesday, August 10th 2011 - 18:06 UTC
US citizens believe the country is on the wrong track shows poll

US citizens by a large majority believe the United States is on the wrong track and nearly half think the worst is yet to come in the economy, a Reuters/Ipsos poll said today.
Tuesday, August 9th 2011 - 20:11 UTC
Federal Reserve anticipates low rates and current stimuli level through mid-2013

The Federal Reserve said on Tuesday it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that face considerable selling spree.
Tuesday, August 9th 2011 - 07:37 UTC
Gold soars to 1.700 dollars as world markets are on free-fall fearing recession

Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks as had happened earlier in Europe, United States and Latin America.
Monday, August 8th 2011 - 20:32 UTC
Moody’s repeats downgrade warning by 2013 if US does not cut budget deficit

Ratings agency Moody's repeated a warning Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
Monday, August 8th 2011 - 19:52 UTC
Obama calls for ‘political will’ to address situation; ‘US will always be triple-A’

Stock markets extended their heavy losses on Monday despite US President Barack Obama moving to try to reassure investors. In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.
Saturday, August 6th 2011 - 08:15 UTC
US voters furious: disapproval of Congress rises to an all-time high of 82%

Disapproval of the United States Congress rose to an all-time high after weeks of rancorous partisan battles over raising the US debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Friday.
Saturday, August 6th 2011 - 08:10 UTC
The unthinkable has happened: S&P downgrades the US credit rating

One of the top credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating for the first time ever. S&P cut the long-term US rating by one notch to AA+ with a negative outlook, citing concerns about budget deficits.
Friday, August 5th 2011 - 18:44 UTC
US payroll data comes as a relief, but markets fear recession ‘round the corner’

US job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.