JNN 18 Oct 2013 Washingoton: President Obama and Congress have signed off on extending the debt ceiling through to February. The new legislation only temporarily solves the US budget dispute, begging the question if America will ever limit its borrowing. Continue reading
Tag Archives: United States public debt
US trade deficit widens 16% to hit $48.7 billion, While US Govt will default on its debt by March
JNN 12 Jan 2013 Washington D.C : US Commerce Department says the country’s trade deficit widened by 16 percent to reach USD48.7 billion in November 2012 after a rise in the imports of consumer goods. While A new official report predicts that US government will default on its debt before March 2013. Continue reading
US Economy lost , Debt more than its GDP, Apple has more cash than US Govt
JNN 03 Aug 2011 : The US Department of the Treasury says the country’s debt has topped 100 percent of its gross domestic product amid concerns over the slow pace of economic recovery. Continue reading
Gold prices Hit all time record High , as the US economy near to collapse
JNN 23 April 2011 : Gold prices have hit an all-time high, standing at above USD 1,500 an ounce, amid growing concerns over the deepening economic crisis in the United States affecting the dollar. Continue reading 
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