Posts Tagged ‘Debt’

Obama sends Europeans back home with empty promises

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – The United States-European Union summit here ended without any fiscal help emerging from the U.S. as ambassadors from both sides provided a read-out of the meeting while the host president brushed aside chances of any news-making headlines emerging. President Barack Obama, along with [...]

Stocks rise Friday on consumer confidence, Italy vote

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks celebrated Veteran’s Day will a strong rally. Helping markets advance was a report that showed a better than expected rise in the Consumer Confidence Index and a vote in Italy on its debt reduction plan. At 3 p.m., with just [...]

Third credit rating downgrade for Spain in 13 months

Vittorio Hernandez – AHN News Madrid, Spain (AHN) – In a span of just a little over one year, Spain has suffered a third debt rating downgrade from Moody’s Investors Service. The rating agency on Tuesday cut Madrid’s rating by two levels to A1 from Aa2. Moody’s also kept a negative outlook for Spain as [...]

Geithner to attend eurogroup meeting in Poland on Friday

Jupiter Kalambakal – AHN News Reporter Washington, DC, United States (AHN) – US Treasury Secretary Timothy Geithner will join a gathering of European Union finance ministers in Poland on Friday to talk about global economic recovery. U.S. federal reserve authorities have earlier said that part of the country’s market unease is due to the European [...]

EU Central Bank to buy government bonds on fears of panic selling in world stock markets

Windsor Genova – AHN News News Writer Frankfurt, Germany (AHN) – The European Central Bank on Sunday decided to buy eurozone government bonds to deter a possible panic selling on Monday’s opening of stock market trading. The decision was made through a tense evening video conference of the European Union’s 17 central bank governors, who [...]

Three more investors warn U.S. of losing AAA credit rating; IMF Chief Lagarde urges immediate resolution

Vittorio Hernandez – AHN News New York, NY, United States (AHN) – Just six days away from the Aug. 2 deadline for the U.S. to increase its national debt ceiling, more investors are warning Washington that is risks losing its AAA credit rating as American political leaders remain deadlocked on a solution. The latest to [...]

What they said: Obama and Boehner on debt deal

United States (KaiserHealth) – President Barack Obama and House Speaker John Boehner on Monday night offered competing views on the state of debt talks and proposals. While neither touched heavily on overhauling entitlement spending, especially Medicare, the president mentioned it several times. Medicare has been one of the most contentious roadblocks to striking a deal [...]

White House relents more while negotiations continue to avoid debt payment default

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – There was no word on the outcome of the Wednesday evening meetings in the White House where Democratic congressional leaders and the top two House Republicans met with President Barack Obama for separate meetings according to officials. With the White House and the [...]

S&P says it may cut U.S. AAA credit rating

Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – Standard & Poor’s said on Thursday that it may downgrade the U.S.’s AAA credit rating. The ratings agency says that Washington has a 50% chance of a credit rating cut. The S&P warning came a day after another ratings agency, Moody’s Investors Service, made [...]

Obama asks Congress to cancel vacations, deal with challenges

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – President Barack Obama on Wednesday asked U.S. lawmakers to forego their vacations and instead concentrate on solving the nation’s problems, especially debt reduction, as he did in the recent past dealing with bin Laden and others. Addressing journalists at a press conference in [...]

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