Latest topics
» UF2 Members Chat Thread: Part 3
Thu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Wed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
June 2018

Calendar Calendar

Stock Markets Tremble As Debt Ceiling Debate Rages In Washington

Go down

Stock Markets Tremble As Debt Ceiling Debate Rages In Washington

Post by Jobless_in_Ma on Mon Jul 25, 2011 11:28 am

NEW YORK -- With just over a week left before the federal government is set to exhaust its borrowing authority, financial markets are on edge.

U.S. stock market futures shuddered Monday, and Asian and European stocks dropped, as federal policymakers still had not come to an agreement to raise the nation's debt ceiling and avoid default. Investors shunned risky assets and moved money toward safety. The tremors, though relatively muted for now, suggest that anxiety about the ongoing stalemate in Washington has crept into markets worldwide, dampening economic prospects as the reliability of the world's most rock-solid credit has been called into doubt.

"There's a lot of disappointment that there doesn't seem to be a process," said John Silvia, chief economist at Wells Fargo, in an interview before the U.S. stock market opened Monday. "We have enough plans. All we really need is people to come to some kind of an agreement on what's going to get done."

White House Chief of Staff Bill Daley said Sunday on CBS that markets may experience "a few stressful days" in the absence of a debt ceiling deal. That prediction seems to be coming true.

Posts : 2348
Join date : 2011-02-16
Age : 44
Location : Ma

Back to top Go down

Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum