Poverty Rate Crosses 15%, highest in over 50 years: U.S Census Bureau

Poverty Rate Crosses 15%, highest in over 50 years: U.S Census Bureau

By Christy Gren - Sep 14, 2011

Household incomes among Americans have fallen sharply, accompanied by a rise in the number of people living below the poverty line to 46.2 million, the highest in over 50 years, ac

Read More
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

Read More
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

Read More
U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold

U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold

By Jay Raol - Jul 18, 2011

With the precious yellow metal touching a record $1600 an ounce earlier today, while some investors with large gold holdings are rejoicing, it could also be an indication of a mark

Read More
Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts

Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts

By Jay Raol - Jul 11, 2011

Are we looking at a U.S Default Scenario ? With the August 2 deadline looming ahead, U.S President Barack Obama met with congressional leaders on Sunday night, with the agenda of a

Read More
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

Read More
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

Read More
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

Read More