Six Republicans named to deficit super panel
(Reuters) - Republicans named their six members to a congressional deficit-reduction super committee on Wednesday, setting the stage for an attempt to create bipartisan agreement on taxes and…
Dollar Advances as Fed Fails to Counter Global Growth Concerns
Aug. 10 (Bloomberg) -- The yen gained, approaching a post- World War II high versus the dollar, as the Federal Reserve’s pledge to keep interest rates at a record until mid-2013 failed to convince…
Obama Says Markets Don’t Doubt U.S. Ability to Pay Debts
Aug. 8 (Bloomberg) -- President Barack Obama, breaking his silence on the downgrade of federal debt, said that the U.S. “always will be a AAA country” and that he will release a new proposal to deal…
…Geithner Rips S&P for 'Really Terrible' Move on Downgrade
Treasury Secretary Timothy Geithner ripped Standard & Poor's two days after the ratings agency downgraded US debt, saying the stunning move was based on a "lack of knowledge" about the nation's…
Beyond debt woes, a wider crisis of globalization?
(Reuters) - The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has…
Financial…Buffett would rate U.S. 'quadruple-A'
Read this comment from Warren Buffett about the S&P downgrade. There is no question in his mind that the U.S. debts are money good because the U.S can print money. He goes on to say that…
Western Leaders Seek to Contain Euro-Crisis Market Turmoil
Western leaders huddled on preventing the debt crisis from spreading to the core of the euro area after the biggest weekly decline in global stocks since 2008. President Barack Obama and British…