debt ceiling

What the heck is going on in Washington? In the aftermath of the US debt ceiling deal, this is a key question being asked. What is going on? Where do we stand? Where are we headed? Going against his initial rhetoric, President Obama seems to have given in to the Tea Party with no new tax hikes....

FRANKFURT - I've proven that even a fool can make a lot of money in the market. I've also proven that "a foole and his money is soone parted." This morning, I was sitting outside of a café on Berger Straße, sipping on a latte and pretending my pen was a cigarette. I watched high-end branded...

Equity markets around the world rose broadly Monday, as optimism grew late Sunday that legislators in Washington had reached a deal to raise the U.S. debt ceiling before Tuesday's deadline. European shares bounced back from some of last week's losses, with London's FTSE Index gaining more than 1.3...

The updated version of the Boehner debt ceiling bill is now available. This bill is expected to be voted on today in the House of Representatives, but at this point the Republicans in the House appear to be in such disarray, that no one knows what will happen. The bill has been amended to reflect...

Ratings agency Standard & Poor's said on Thursday that proposed savings of $4 trillion over 10 years would be a good start for the United States, but further action would be necessary to stem the country's debt problems. The comments come as legislators face an increasingly difficult battle to...

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Repeatedly stalled budget talks have sent Democrats and Republicans scrambling on Wednesday, as a "Plan B" plan is developed to raise the country's debt ceiling before the deadline next week. President Barack Obama and Republican leaders have endured negotiations over a potential budget deal for...

An uncertain economic outlook amid political gridlock in the United States and Europe sent gold to new record highs on Wednesday, hitting above $1,625 an ounce. Gold prices have soared in recent months, as investors around the world flock to the perceived safety of a hard asset. Bailout...

Speaking from the White House Monday night, President Barack Obama called on leaders from both sides of the aisle to compromise in order to avoid a disastrous national default. In an address to the public, the President urged U.S. legislators to act quickly to avoid a "reckless and irresponsible"...

Equity markets around the world fell broadly Monday, as investors began to express worry over the absence of a weekend deal to raise the U.S. government's debt ceiling. President Barack Obama and Republican leaders have made little visible progress in a marathon of negotiations to create a new...

The budget and debt ceiling negotiations between the White House and Democrat and Republican leaders of the Congress have not been especially fruitful so far. Based on Treasury estimates, the United States Government will run out of money sometime around August 2 unless the $14.29 trillion debt...

In just over three weeks the U.S. will default. According to Treasury Secretary Timothy Geithner, if the U.S. debt limit is not raised soon, the U.S. will be unable to meet all of its obligations. On Monday, President Obama addressed the nation in a speech in which he outlined his desire to get a...