US Debt

FDR's New Deal Shattered the Austerity Myth

David Woolner | Posted 05.07.2012

Read More: Fdr, New Deal, US Economy, Global Economy, US Economy Recession, US Financial Crisis, US Economic Crisis, US Recession, Fdr New Deal, US Debt, US Debt Ceiling, Politics News
David Woolner

Much like the 1930s, our slow climb out of the Great Recession has been made all the more difficult thanks to the unwillingness of austerity hawks in Congress to pass the president's jobs bill and other pieces of stimulus legislation.

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Bank Of America, Goldman And Others' Insanely Large Derivative Holdings Visualized

The Huffington Post | Harry Bradford | Posted 04.27.2012

Read More: Derivatives Market, Goldman Sachs, JPMorgan Chase, Demonocracy.info, Oto Godfrey, Derivatives, Bank of America, US Debt, Warren Buffett, Business News

Roughly a decade ago, billionaire Warren Buffett pronounced derivatives, or securities based on a contract between parties, "financial weapons of mass...

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No More Bull: What Women Need to Know About the Economy and Why it Matters in 2012

Martha Burk | Posted 05.23.2012

Read More: US Economy, Debt, U.S. Debt, U.S. Recession, Women Employment, 2011 Budget Control Act, Women Jobs, US Economy Women, Debt Ceiling, Debt Ceiling Debate, Money News
Martha Burk

With the U.S. suffering from the effects of a long and painful recession, the economy is the number one issue for women and men alike going into the 2012 elections. But women arguably have a bigger stake.

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Ferguson: Krugman May Be Right, 'Very Large Debts Are Sustainable'

Business Insider | Henry Blodget | Posted 01.31.2012

Read More: Business News, Debt-to-Gdp, U.S. Debt, Paul Krugman, Niall Ferguson, Niall Ferguson Paul Krugman, Business News

Unless countries get control of their ballooning debts, Ferguson has argued, we will be headed for crisis after crisis. And Ferguson remains convinced...

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Private Businesses Are Improving, But a Big Unknown Lurks

Brian Hamilton | Posted 03.27.2012

Read More: Jobs, Private Companies, Financial Analysis, Debt, Gdp, National Debt, Unemployment, Inflation, U.S. Debt, Interest Rates, Business News
Brian Hamilton

Are the best years of the United States behind us? I don't think so, but the national debt will remain the biggest threat to this glacier of an economy.

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Fed Dismisses Economic Recovery

Michael Pento | Posted 03.12.2012

Read More: Federal Reserve, Debt, Pcepi, U.S. GDP, U.S. Debt, Gdp, Economic Growth, Economy, Business News
Michael Pento

The Fed is becoming more concerned about the sustainability of the U.S. recovery, just as the economy looks to be gaining momentum.

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Money Managers' Least Favorite Investment

AP | MATTHEW CRAFT | Posted 02.04.2012

Read More: Investments, Video, u.s. Debt Money Managers, U.S. Debt, U.S Treasury Bonds, U.S. Debt Crisis, U.S. Treasuries, Business News, Money Manager, Money Managers, Treasury Bonds, Business News

NEW YORK — Ask the people who invest billions for a living to name their favorite picks for 2012 and you'll get a smorgasbord worthy of a holida...

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Chill in the Air

Max Fraad Wolff | Posted 01.22.2012

Read More: Super Committee, Fall 2012, Economic Outlook, US Debt, Protests, Credit Rating Agencies, Fall, Recession, Business News
Max Fraad Wolff

We find ourselves several years into a wheezing, anemic "recovery." Public patience has been lost. As colder winds and shorter days make themselves felt, there seems a tangible shiver running down the collective spine.

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Super Committee Shenanigans

Michael Farr | Posted 01.18.2012

Read More: US Debt, European Debt Crisis, Debt, Australia, Economic Recovery, President Obama, Congressional Budget Office, S&P 500, Business News
Michael Farr

President Obama was in Australia this week where he criticized European leaders for their "lack of will." The phrase seems an odd rock for the leader of a country living in its own large glass house.

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The Tomb Is Sealed

Jared Dillian | Posted 12.14.2011

Read More: u.s. Deficit, Great Recession, National Debt, u.s. National Debt, Balancing the Budget, Recession, U.S. Debt, Fiscal Policy, Business News
Jared Dillian

Few people understand that to balance the budget, or even to bring down the deficits to the rate of growth would require cutting the size of government by at least half and/or nearly eliminating entitlements. It really is true.

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We Need a Green Tea Party, You Betcha

Brian Czech | Posted 12.12.2011

Read More: U.S. Debt, Deficit Spending, Steady State Economy, Economic Growth, Tea Party, Green Party, U.S. Debt Crisis, Politics News
Brian Czech

To call for economic growth while demanding the death of deficit spending is like calling for a higher speed limit while demanding better gas mileage. The two goals don't jibe.

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Sam Stein

White House Looks Ready To Hit GOP Over Millionaire Tax

HuffingtonPost.com | Sam Stein | Posted 11.18.2011

Read More: Debt, Debt Crisis, Congressional Republicans, Debt Reduction, President Obama, Obama Administration, Million Dollar Taxes, Buffett Rule, Obama Jobs, Politics News, Obama Debt Plan, Buffett Tax, Obama Republicans, Obama Debt Taxes, US Debt, Obama Debt Reduction Plan, Millionaire Tax, Obama Taxes, Politics News

WASHINGTON -- In certain corners of the progressive political universe, there has been ongoing frustration with the Obama White House for attacking th...

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Obama To Roll Out Major Debt Reduction Plan

AP | JIM KUHNHENN | Posted 11.18.2011

Read More: Debt, Obama Jobs, Debt Crisis, Obama Debt Plan, Debt Reduction, President Obama, US Debt, Obama Administration, Obama, Obama Debt Reduction Plan, Barack Obama, Politics News

WASHINGTON — Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part ...

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Bill Gross: I Feel Like 'Crying' For Betting Against U.S. Debt

Posted 10.29.2011

Read More: Pimco Debt, Pimco Treasuries, Bill Gross, US Debt, Federal Reserve, Financial TImes, Bill Gross Treasuries, Bill Gross Debt, Beer Bill Gross, Business News

Bill Gross, the manager of the world's largest bond fund, feels like "crying in his beer" for having bet so heavily against U.S. government-relate...

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Economists Prefer Cuts Over Taxes, Survey Finds

AP | Posted 10.21.2011

Read More: Taxes, US Debt Crisis, Spending Cuts, Economy, US Debt, Tax Cuts, Economists, Financial Crisis, Bush Tax Cuts, Tax Increases, Business News

NEW YORK -- The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced ...

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A Bid to Boost U.S.-China Relations

Jayshree Bajoria | Posted 10.17.2011

Read More: US Debt, US China Relations, Economic Recovery, United States, US Deficit, China, China Economy, World News
Jayshree Bajoria

Joe Biden's visit marks the first time a senior U.S. official will spend a substantial amount of time with China's president-in-waiting. "We're investing in the future of the U.S.-China relationship."

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S&P Downgrades Fannie And Freddie

AP | DANIEL WAGNER and DEREK KRAVITZ | Posted 10.08.2011

Read More: State Government, U.S. Debt, Debt Crisis, Freddie Mac, Debt Ceiling, Washington, Fannie Mae, Standard & Poor's, S&P, AAA Rating, U.S. Credit Downgrade, U.S. Credit Rating, Credit Rating Agency, Video, Business News

WASHINGTON — Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other entities linked ...

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Dan Froomkin

U.S. Credit Downgrade's Direct Effect Could Be Negligible, History Suggests

HuffingtonPost.com | Dan Froomkin | Posted 10.06.2011

Read More: US Debt, Standard & Poor's, Downgrade, Credit Rating Agencies, Aaa, Credit Rating, S&P, U.S. Credit Rating, AA+, Treasury Bonds, US Treasuries, Business News

WASHINGTON -- The downgrade of the U.S.'s AAA credit rating by Standard & Poor's on Friday may end up having little to no effect on interest rates for...

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China Blasts U.S. Over Credit Rating Downgrade, Debt 'Addiction'

AP | By ALEXA OLESEN | Posted 10.06.2011

Read More: US Credit Rating, World Economy, China US Debt, China US Relations, Economy, US Debt, China Blasts US, Credit Rating, United States Credit, China, US Credit Downgrade, Business News

BEIJING -- China, the largest foreign holder of U.S. debt, demanded Saturday that America tighten its belt and confront its "addiction to debts" in th...

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Fitch: U.S. Will Retain Its Top Credit Rating

Posted 10.02.2011

Read More: Fitch Ratings, Ratings Agency, Debt Ceiling, John Boehner, Debt Limit, US Debt, 112th Congress, Timothy Geithner, Credit Rating, Aaa, Barack Obama, Video, Business News

NEW YORK (Daniel Basses) - Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a so...

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10 Lessons From The Debt Limit Debate

Washington Post | Barry Ritholtz | Posted 10.01.2011

Read More: US Unemployment, Debt Ceiling, John Boehner, Default, Debt Limit, US Debt, 112th Congress, Washington Post, Barack Obama, Republicans, Business News

The debt ceiling is hanging heavy over our heads. But that’s not the only reason it looks dark down here. We’ve got some major and prolonged chall...

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Debt Ceiling Deal: Almost No Spending Cuts Before 2014

AP | CHRISTOPHER S. RUGABER | Posted 10.01.2011

Read More: Social Security, John Boehner Debt Ceiling, Debt Ceiling, John Boehner, Debt Limit, US Debt, Timothy Geithner, Medicare, Government Cuts, Barack Obama, Austerity, Video, Business News

WASHINGTON (AP) — The first phase of a deal to raise the government's borrowing limit would pose little threat to the economy in the short term beca...

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Credit Raters Spend $1.76 Million To Lobby Washington

AP | STEPHEN BRAUN | Posted 10.01.2011

Read More: Regulations, Dodd-Frank, Lobbying, Standard and Poor's, US Debt, Downgrade, Credit Rating, Credit Rating Agency, McGraw Hill, Moody's, Business News

WASHINGTON — The three major credit rating companies poised to decide whether to downgrade the nation's top-ranked debt standing are at the same...

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11 Ways To Explain The Stakes Of A Debt Ceiling Debate

The Huffington Post | James Sunshine | Posted 09.29.2011

Read More: Debt Ceiling, Wall Street, Jpmorgan, Debt Limit, US Debt, Warren Buffett, 112th Congress, Jamie Dimon, Timothy Geithner, Barack Obama, US Default, Rick Perry, Business News

With the reported deadline to raise the debt ceiling drawing ever closer, Washington has yet to come to terms on a deal to do so -- this despite month...

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World Bank Chief: U.S. 'Playing With Fire' In Debt Ceiling Debate

Posted 09.28.2011

Read More: 2008 Financial Crisis, Robert Zoellick, Debt Ceiling, John Boehner, World Bank, Debt Limit, US Debt, US, US Default, Barack Obama, Video, Business News

WASHINGTON (Lesley Wroughton) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt l...

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