Debt Problems

After Another Loss for Obama, Dem Doubts Deepen on 2012

Since the 2010 election, President  Obama has thrice tussled with Republicans in Congress and thrice he has  lost, each time worse than before.

Letter to Congress...Is Anyone There??

What would you say in your letter to Congress?  Here is what my hypothetical letter would be: Dear Representative/Senator, The Argument over the debt limit by both Republicans and Democrats is Mind Boggling!  I, like most Americans don't like increased taxes but will bi …

The Fed embraces inflation

In a speech last week, Dallas Federal Reserve Bank head Richard Fisher covered a lot of ground, innocently noting many problems (the worst of which the Fed has created).

Europe's Debt Problems Cannot Be Ignored

The echoes of Russia's debt default in 1998 — which is now, fortunately, of mere historical interest as seen from Moscow — seem to reverberate worryingly in Europe.

European debt crisis explained

How debt problems in the European Union affect you as the Greek government continues crisis talks on backing another EU rescue plan.

European stocks lower as Greece debt talks drag on

European stock markets closed lower Monday, slipping back after sharp gains made on strong US jobs data last week as investors once again tracked a lack of progress on Greece's debt problems.

Brent slips to $116 on Greece risk, spread trade

SINGAPORE (Reuters) - Brent crude futures fell to near $116 a barrel on Wednesday, as uncertainty over Greece's ability to resolve its debt problems weighed on sentiment and traders narrowed the benchmark's premium to U.S. crude. The risk of Europe's debt crisis dragging the region into a recession that could crimp oil demand continued to weigh on risk assets. Greek political parties will try ...