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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Reduce U.S Govt. Federal Deficit, Tax the Rich: Obama’s New Plan

Reduce U.S Govt. Federal Deficit, Tax the Rich: Obama’s New Plan

By Jay Raol - Apr 11, 2011

An hour before Friday midnight, the U.S Government shutdown was averted by a last minute deal struck between the White House and the Congress, and thousands of federal employees ac

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