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Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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Today's article: US borrowing tops 100% of GDP: Treasury

 

 

 

 

 

 

US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed. The new borrowing took total public debt to US$14.58 trillion, over end-2010 GDP of US$14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit - a slightly tighter definition - was US$14.53 trillion as of the end of Tuesday, rising from the previous official cap of US$14.29 trillion a day earlier. Treasury had used extraordinary measures to .... [continue reading]

 

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Today's Pick: America's Bankrupt on Wall Street America's Bankrupt on Wall Street by [Jonathan Modene]

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