us debt crisis
The bank's president, Jim Yong Kim, says there is a danger of rising interest rates and slower growth. Speaking Saturday
The U.S. debt was $1-trillion in 1982, and at $12.1-trillion just four years ago. It's now at $16.7-trillion and needing to be raised on Oct. 17th, or the country will be unable to pay its bills and will default on debt payments. This sends a clear message to a debt-ridden populace: that their own government doesn't even take debt that seriously.
By Tom Miles GENEVA (Reuters) - The pursuit of austerity measures and deficit cuts is pushing the world economy toward disaster
World markets have entered a "new danger zone", the president of the World Bank has warned. Robert Zoellick said investors
Starbucks Corp. Chief Executive Officer Howard Schultz urged other CEOs to stop donating to U.S. political campaigns to encourage
The U.S. is going through a historic debt crisis, but Canada's economy also faces an uncertain future. While the American
If the mortgage meltdown that nearly laid waste to the global economy a few years ago taught us anything, it's that you should
The primary analyst on Standard & Poor’s cut to the U.S. credit rating is a Canadian. Nikola Swann, based in S&P’s offices
The debt crisis may be happening south of the border, but it's front of mind for many Canadians. On Wednesday, HuffPost Canada's
At the end of the day there is nothing sacred about that AAA stamp on Washington IOUs. Since the popular press has done a good job in linking the Aug. 2 deadline with the future of the U.S. credit rating, many believe that getting a debt authorization increase by this date will protect it. That would be naïve.