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US Economy - Page 6

Fears rise that Japan could sell off U.S. Debt:

Some lawmakers and market analysts are expressing rising concerns that a demand for capital by earthquake-ravaged Japan could lead it to sell off some of its huge holdings of U.S.-issued debt, leaving the federal government in an even tighter financial pinch. Ref. Source 9

Economy US

Huge turning point for Bill O'Reilly?

During Bill O'Reilly's signature Talking Points monologue last night, he was breaking down the so called budget compromise and arrived at a conclusion that was in line with much of what Glenn has been saying for some time now. O'Reilly said the left wants 'government to control the economy' and 'recast' the economic system - and they'll do it by causing economic collapse. Ref. Source 6

US Economy History & Civil Business Politics

Budget

The U.S. Senate has passed the budget deal worked out last week to keep the government funded for the rest of the fiscal year while cutting $38.5 billion. The measure, which the House passed earlier in the day, now goes to President Barack Obama for his signature. Ref. CNN

Page 6 Economy US

Fear that Japan will cash in a few T-Bills to pay for the disaster after the quake in tsunami? Let's see...Japan could raise taxes on their people and companies or they could cash in a chunk of the US debt that they hold. One would anger the people that are already a little upset with the government on their response to the nuclear issue with TEPCO...think that will keep you elected? OR They could not bother their people as much and cash in some US Debt...which do you choose?

Additionally, if there is no serious cut in the deficit (in half at min), then I do agree that there are people who are interested in failing the US such that we can rebuild it into a newly packaged socialist government.

Edited: Vincenzo on 18th Apr, 2011 - 9:27am

Economy US

Jim Rogers: 'US the Largest Debtor Nation in History'

Rogers says the next crisis will be worse than the financial collapse of 2008. He remains bullish on the Chinese yuan and sees China continuing to open its currency down the road. Ref. Source 9

US Economy

There's No Such Thing as a Temporary U.S. Default:

What if the debt ceiling debate causes the U.S. To miss just a couple of interest payments, say for the months of August and September? As long as the Treasury resumes payments in October, then no harm done, right? This misconception was put to rest by the rating agency Fitch in a statement yesterday Ref. Source 7

US Economy - Page 6

Debt crisis could trigger economic meltdown: Obama

Delay in raising the US debt ceiling could reverse the fledgling recovery and trigger a new economic meltdown, US President Barack Obama said in a interview broadcast on Tuesday. Ref. Source 3

US Economy Politics Business Civil & History - Page 6

IMF Warns U.S. On Debt
By Andrew Stiles

The International Monetary Fund has cut its economic growth forecast for the United States and warned that we are "playing with fire" by not taking immediate step to address our long-term debt. Ref. Source 9