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25
Jul

Stocks In Freefall Over Debt Standoff

Posted by Susan Mitchell (0) Comment

Stocks dipped on Monday as lawmakers remained in a standoff over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week’s critical deadline.

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Category : Debt Management | Economy News | Blog
13
Jul

Bernanke: U.S. Default Would Cause Crisis For Economy

Posted by Susan Mitchell (0) Comment

The Federal Reserve Chairman has issued a stern warning to Congress repeatedly this year: if it fails to raise the U.S. debt ceiling by Aug. 2, the economic fallout could be "catastrophic," "self defeating" and "dire."

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Category : Debt Management | Economy News | Blog