by agm | Jul 29, 2011 | news
House Speaker John Boehner plans to take his proposal to raise the U.S. debt-ceiling to a vote in the chamber about 6 p.m., Republican leaders announced. The vote is scheduled to occur between 5:45 p.m. and 6:15 p.m. in Washington, according to a plan put out by the...
by agm | Jul 28, 2011 | news
U.S. banks searching for hints of credit-market distress ahead of next week’s deadline to raise the debt ceiling are finding few signs of panic so far. Commercial banks and securities firms are tracking how money-market funds adjust holdings and whether participants...
by agm | Jul 26, 2011 | news
President Barack Obama warned that the nation’s burgeoning deficit threatens to do “serious” damage to the economy and pressured Congress to reach a compromise on a deal to raise the debt ceiling and address future shortfalls. With a week left before the Treasury...
by agm | Jul 25, 2011 | news
Gold climbed to a record in New York and London as U.S. lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the metal as a protection of wealth. U.S. House Speaker John Boehner plans to press ahead with a two-step debt-limit...
by agm | Jul 23, 2011 | news
NEW YORK (Reuters) – American businesses, from Wall Street banks to major industrial corporations, are preparing contingency plans for a pair of once-unthinkable events: the United States defaulting on its debt and the loss of the nation’s top AAA credit...
