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Jul 15, 2011

USA News, Jul 15, 2011


US Capitol


Impact of U.S. default in dispute
USA Today
By Richard Wolf, USA TODAY WASHINGTON — If the United States runs short of cash to honor its obligations 18 days from now, the economic impact would be fast and furious. Harry Hamburg, AP House Majority Leader Eric Cantor speaks during a news ...
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USA Today
Miller reassures foreign investors over debt default
Reuters
In recent private meetings, according to a Treasury official, some have asked her to explain the political impasse in Washington over raising the $14.3 trillion borrowing cap that is threatening to plunge the United States into default if an August 2 ...
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Main Street savers would feel the pain if U.S. defaults
Reuters
By Steven C. Johnson NEW YORK (Reuters) - The pros on Wall Street are betting Washington will strike an 11th-hour deal to avoid aUS debt default and downgrade, but if they're wrong, small investors and ordinary savers could be in for a real shock. ...
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Reuters
DNC Chair Debbie Wasserman Schultz Responds to Governor Pawlenty's Wish for...
PR Newswire (press release)
In response to Governor Pawlenty's wish, Democratic National Committee Chair Debbie Wasserman Schultz said: "Governor Pawlenty is hardly the only Republican who would prefer that the United States default on its debt, but as a presidential candidate, ...
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Democrat says will not let default on debt
Reuters
WASHINGTON (Reuters) - Democrats have assured Republicans they would ensure the United States does not default on its debt and said Democrats would be willing to vote on an unconditional extension of the debt ceiling. ...
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FACTBOX-Republican leader McConnell's backup debt plan
Reuters
July 15 (Reuters) - US Senate Republican Leader Mitch McConnell has proposed a backup plan to avert an unprecedented US debt default if Congress and the White House fail to reach a deal by Aug. 2 to raise the US borrowing limit. ...
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TAKE-A-LOOK-Markets and the Debt Talks
Reuters
Financial markets are bracing for the conclusion of the talks between the Obama administration and the Republicans, who control the House of Representatives, hoping for a successful deal that will raise the US debt ceiling and avoid a default....
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TREASURIES-Debt, economic worries lift US bond prices
Reuters
There is a growing, though far from consensus, view that while a United States default would hurt the credit-worthiness of Treasuries, it would devastate stocks and risky investments even more, making investors scramble for Treasuries to store cash. ...
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GLOBAL MARKETS-Euro rises on relief on bank stress tests
Reuters
Gold prices rose for a 10th straight session as fears over the outcome of talks to avert a US default fueled safe-haven buying, which accelerated after President Barack Obama and Republicans traded demands for a serious deficit plan. ...
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Q&A: What if U.S. defaults on debt?
Tucson Citizen
14, 2011, under USA Today News If the United States runs short of cash to honor its obligations 18 days from now, the economic impact would be fast and furious. The country almost certainly would not default on its loans to bond holders, but all other ...
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If US defaults on debt: How to protect your investments
Credit might be not only more expensive, but more difficult to get for years after adefault. "The mantra will be, 'If the US can default, anyone can,'" ...
www.usatoday.com/.../2011-07-14-protecting-your-invesemt...
Stars Over Washington: US Default? America's Jupiter Makes the News!
A Sabian Symbol Makes the News: US Jupiter @ 6 Cancer: 7.10.11 by Jude Cowell With the August 2, 2011 default deadline looming large, this morning's Meet ...
www.starsoverwashington.com/.../us-default-americas-jupiter-...
Lagarde issues stark warning on US debt default - Yahoo! News
Read 'Lagarde issues stark warning on US debt default' on Yahoo! News. New IMF chief Christine Lagarde warned on Sunday that a US debt default would ...
news.yahoo.com/lagarde-issues-stark-warning-us-debt-default-...
US default would be disastrous - Bernanke - RTÉ News
US Federal Reserve chairman Ben Bernanke has said that a debt default would be a disastrous 'self-inflicted wound'.
www.rte.ie/news/2011/0714/usa-business.html
Impact of U.S. default in dispute
By Richard Wolf, USA TODAY WASHINGTON — If the United States runs short of cash to honor its obligations 18 days from now, the economic impact would be fast...
www.usatoday.com/.../2011-07-14-what-deficit-fight-means_...

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