debt
After the panic of a potential default, finally there is an agreement on the table but what actually the whole story was about? Lets find out in the A to Z of the situation....
Washington-President Barrack Obama appealed to the Congress to reach some sort of compromise over the U.S default by the weekend. There is a threat of the U.S default to come to an absolute standstill. Obama stated that the party leaders must negotiate to form some sort of solution....
There signs which are highlighting the 3 year old crisis of 2008, but the experts believe that this is not a financial crisis but more of political one.
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The hopes from the voting on a proposal by the Speaker John Boehner have now crashed. President Barack Obama will make a statement on 10.20 EST....
New York- The current financial situation in the U.S stock market has been translated as a huge failure on the part of the leaders back in Washington. The investors are fast losing patience in the bond market for the continuous dip in the stock market....
What could be the possible outcomes of a debt default situation in the United States? Will the skies fall? How should investors be ready for the strike?...
July 25, 2011: President Barack Obama called all Congressional leaders on Saturday to discuss about how to stave a new potential default as the US debt of around $14.3 million would be arriving soon on August 2.In this meeting, which continued for an hour, the leaders desperately tried to avert this default and after much urgent talks, they were successful enough to stop a downward plunge in stock costs when the Asian markets opened on Monday, hours ahead of their Us counterparts....
The U. S. Federal Debt grows by $ 2 million every minute. At the present moment it is estimated to be about $14.5 trillion. The figure changes every time you ask because it is growing at such a rapid speed....
Sweden will be selling some of its stake in Nordea Bank AB in an effort to pay-off state debts which is rumoured to be around...
Debt has always been in the focus of our life. It is something which has never stopped offering us the financial respite we require. ...
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