European politicians are running out of time. After more than a year of failing to sufficiently handle the the Greek sovereign debt problem, the crisis is spreading to Italy in a meaningful way.

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The Ayn Rand Institute held its annual "Atlas Shrugged Revolution" dinner Thursday night in New York City.

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UK taxpayers are forking out an estimated £40m a DAY to overseas investors in order to pay off Britain’s debt interest.

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Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit?

Market analysts and investors increasingly say yes. The outcome won’t be quite as scary as a default, but financial markets would still take a blow. Mortgage rates could rise. States and cities, already strapped, could find it more difficult to borrow. Stocks could lose their gains for the year.

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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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