United States

Monday, August 1st 2011 - 19:59 UTC
Nobel Prize Krugman criticized Obama for giving in on debt deal

The Nobel Prize winner economist Paul Krugman harshly criticized President Barack Obama for giving in to pressure compromising on a debt ceiling deal that defenders say will save the country from default.
Monday, August 1st 2011 - 07:16 UTC
Obama announces agreement to raise US debt-limit; Congress has to vote the deal

President Barack Obama announced Sunday Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. He said the deal would cut one trillion dollars of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.
Friday, July 29th 2011 - 07:02 UTC
Latam and Caribbean hold 727bn dollars in US government debt assets

The UN Economic Commission for Latin America and the Caribbean, ECLAC, expressed public concern about the ongoing discussions between the White House and Congress regarding the governments’ borrowing limit and the August 2 deadline to reach an agreement.
Thursday, July 28th 2011 - 20:39 UTC
US unemployment benefit claimers dropped last week for the first time since April

The number of US citizens claiming new unemployment benefits last week dropped below the 400,000 level for the first time since early April, a hopeful sign for the US economy which has struggled to regain momentum.
Thursday, July 28th 2011 - 20:23 UTC
Top IMF official joins White House as special assistant on international economic affairs

International Monetary Fund's external relations director Caroline Atkinson resigned Thursday after being appointed the as a White House special assistant to the president for international economic affairs.
Thursday, July 28th 2011 - 11:27 UTC
US economic recovery slowed down in June says Fed’s Beige Book

The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.
Thursday, July 28th 2011 - 06:27 UTC
China, Japan, UK, oil countries and Brazil, top holders of US Treasury bonds

While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department?
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.
Tuesday, July 26th 2011 - 21:09 UTC
US wealth gap between whites and minorities is the highest in 25 years says Pew

Wealth disparities in the United States between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from the Pew Research Centre reveals.