Numerous specialists from different fields of expertise have talked about how dangerously substantial the Federal government’s debts and spending are and how that debt and spending threaten the extremely solvency of the country. Just in the final three fiscal years in the course of which the Democrats controlled Congress, such as the initial two years [...]
AP – Government-controlled Freddie Mac is asking for $1.5 billion in additional federal aid after posting a loss this spring.
Reuters – The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.
AP – Government-controlled mortgage company Fannie Mae says its second-quarter loss attributable to shareholders widened as it continues to seek out loan modifications to help lower defaults amid the ongoing difficulties in the housing and mortgage markets.
The yen sank more than 2% against the dollar Thursday — its biggest drop in almost a year — after the the Japanese government stepped in to curb the currency’s recent rise for the third time in a year.
The yen sank more than 2% against the dollar Thursday — its biggest drop in almost a year — after the the Japanese government stepped in to curb the currency’s recent rise for the third time in a year.
AP – IT’S THE ECONOMY: Even with a deal in place to raise the government’s borrowing limit, the bad news on the economy keeps piling up. Consumers cut their spending in June; U.S.
Reuters – The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.
AFP – US stocks fell on Monday as a last-minute deal on raising the government’s debt ceiling and averting a potentially disastrous default headed for a contentious vote in Congress.
AP – Asian stock markets jumped Monday after President Barack Obama announced a last-minute agreement to raise the government’s debt limit and avoid a default.
