Dow Responds to U.S Downgrade By Plunging Over 600 Points

Dow Responds to U.S Downgrade By Plunging Over 600 Points

By Jay Raol - Aug 09, 2011

In response to Standard & Poor’s first-ever downgrade on the outlook for the U.S economy from a triple-A rating to AA+, the Dow Jones Industrial Average reacted dramatically

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Latest Debt Ceiling Plan Unsettles Democrats

Latest Debt Ceiling Plan Unsettles Democrats

By Vrushti Mawani - Jul 22, 2011

The deal that U.S President Barack Obama and Republican House speaker John Boehner seem to be closing in on has reportedly evoked harsh reactions from the Democratic Party in relat

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Timothy Geithner: Raise U.S Debt Ceiling or Risk Default

Timothy Geithner: Raise U.S Debt Ceiling or Risk Default

By Vrushti Mawani - May 18, 2011

With the United States having officially hit the debt ceiling last Monday, Timothy Geithner, U.S Treasury Secretary has told Congress that in order to enable the government to con

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Obama’s deficit-cut plan at loggerheads with Paul Ryan’s GOP Plan

Obama’s deficit-cut plan at loggerheads with Paul Ryan’s GOP Plan

By Jay Raol - Apr 14, 2011

U.S President Barack Obama, in the deficit-cut plan he announced on Wednesday, proposed a $4 trillion deficit-cut over the next 12 years. In sharp contrast to the GOP Plan, the key

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Government shutdown averted; Obama warns, painful budget cuts ahead

Government shutdown averted; Obama warns, painful budget cuts ahead

By Jay Raol - Apr 10, 2011

With a last-minute deal struck late on Friday night between the Democrats and Republicans, the widespread chaos that would’ve resulted from the Government shutdown was averted. H

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What will the looming U.S Government shut-down mean in real-terms?

What will the looming U.S Government shut-down mean in real-terms?

By Jay Raol - Apr 08, 2011

While President of the United States, Barack Obama, continues to be hopeful about avoiding a government shut-down by lawmakers arriving at a last-minute deal today, he announced a

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