Last few days has been remorseful for the nation, one gets to see the decline in the nation’s credit rating, poll figures show public support for Congress at record lows, which peaked on Monday with an impetus in the stock market. Democrats and Congressional Republicans trying to retreat to their now-familiar positions, each trying to [...]

Having granted significant ground to Republicans in the debt ceiling fight, Tuesday saw President Obama re-claiming the proposal on the economy along with a promise of new effort to encourage job creation. Mr. Obama who spent the last one month negotiating with Congressional leaders in Washington, will be leaving for the Midwest, starting August 15. This tour [...]

After a last minute deal was struck by Washington for averting a debt default, Tuesday saw the United States confirming its AAA rating by 2 chief credit rating agencies; however the threats of future relegation still remain. Fitch Ratings and Moody’s Investors Service said if US was interested in the retention of its coveted rating [...]

With all the eyes and ears watchfully towards the clock ticking like never before, indicative of time passing by, proximity to the deadline increasing and no substantial ruling in sight, commodities are helplessly going haywire. As the debt deal standoff went on and a disheartening report pointed towards the growth rate of the economy being [...]

As per Willem Buiter, Citi Chief Economist piloting the fiscal swamp of America – even if investors don’t tumble down – will not be pretty. According to what Buiter believes the US defaulting in the midst of an impasse in Washington over lifting the cap on debt ceiling is unlikely, but at the same time [...]

Increasing the prospects of non-payment by U.S. government would have witnessed your laughs pushing you out of the room until recently, when the political battle over lifting the cap on debt ceiling drew attention of the world on America’s government debt worth $14 trillion. Friday saw a major economist at High Frequency Economics, Carl Weinberg, saying [...]

Raising the debt ceiling might be achievable for Washington by Aug 2, the deadline beyond which Timothy Geithner; Treasury Secretary says that the United States will be unable to pay its debt obligations with the help of accounting tricks. However what is even more crucial is the repercussions which not raising the debt ceiling worth [...]

Last month the job market hit a major barrier, as the momentum of hiring slowed to such an extent that it was forced to crawl with the rate of unemployment also rising out of the blue. June saw the addition of merely 18,000 jobs in the economy as per government’s report on Friday, falling short [...]

December 4, Washington (AP) — Democrats are already started eying the election in the 2012 as they have come ahead in the battle for tax cut regulations in the Senate, they are ready to portray the Republicans as the guardians of the rich. Senator Claire McCaskill was all set to cast a number of acquisitions [...]

The automobile industry is still an open space of competition and a bigger brand coming with their IPOs is an evidence of that fact. Recently when The General Motors went ahead with a proposal of bringing an initial public Offering (IPO) in the market to the bankers, they were received by a huge round of [...]