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U.S. Budget Deficit Shrinks as the Fiscal Debate Rages On
Source: http://www.flickr.com/photos/zieak/ Rewind the clock about two weeks and the U.S. economic and fiscal situation looked a lot different. Private employers have created nearly 7.5 million jobs...
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G20 Officials Meet in Washington With an Eye on the Debt Ceiling
Source: http://www.flickr.com/photos/76657755@N04/ The G20 Finance Ministers and Central Bank Governors leaders met in Washington this week to discuss international finance reform and risks facing the...
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Faber: Dysfunctional U.S. Government Spends Too Much
Swiss investor Marc Faber, who is known in the business as “Doctor Doom,” has a simple explanation for the budget problems plaguing Washington: “It’s basically a dysfunctional government that we have...
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Wednesday Morning Cheat Sheet: 3 Stories Moving Markets
It’s Wednesday, October 16, and the United States is due to exceed its borrowing limit tomorrow. Treasury Secretary Jack Lew testified before Congress on Thursday, saying that come October 17, if...
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Fitch: Brinkmanship Undermines U.S. Economic Stability
Source: http://www.flickr.com/photos/zieak/ Shortly after markets closed on Tuesday, Fitch Ratings placed U.S. debt on Rating Watch Negative as a direct result of the political brinkmanship in...
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Here’s How Treasury Secretary Jack Lew Lit a Fire Under Congress
Source: http://www.flickr.com/photos/zieak/ The partial shutdown of the United States government may have ended, but the blame game is still in full swing. Pundits, politicians, and the public,...
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Will the Market Recovery Last?
Wednesday brought an end to the government shutdown, and subsequently, Thursday’s stock market made an impressive recovery. “You don’t have to worry about the government anymore, and couple speed...
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Adding Up the Economic Cost of Political Dysfunction
Source: http://www.flickr.com/photos/jackofspades/ After more than two weeks of brinkmanship that pushed the U.S. government through a partial shutdown and to the doorstep of its borrowing limit, both...
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Debt Ceiling Debate: High Hopes and Low Expectations
Source: http://www.flickr.com/photos/zieak/ Hopes are high but expectations are low for the coming debate over the debt ceiling. Congress is scheduled to return to session next week with only one...
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Obama: Be an Economic Patriot, Close Corporate Tax Loopholes
Source: Thinkstock In a letter sent to Orrin Hatch, a Republican senator and ranking member of the Finance Committee, U.S. Treasury Secretary Jack Lew accused United States-based companies who eschew...
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