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| | | ... Mitch McConnell (Rep) also made known that he was "more optimistic" that congressional negotiators and President Barack Obama are "very close" to a deal. Moody's Investors Service -- that omnipotent arbiter of all things involving debt - already covered ... |
| | | | ... trillion ($A925 billion). The plan would require the debt issue to be voted on again next year, something President Barack Obama does not want. The stalemate over raising the US's borrowing limit has rattled investors. If an agreement is not reached ... |
| | | | US pension funds have issued a rallying call to President Barack Obama and Members of Congress to act immediately on US debt or risk long term damage to the country's retirement savings. The California Public Employees' Retirement System (CalPERS) released ... |
| | | | ... 4,538 points, on a volume of 19,823 contracts. IG Markets research analyst Ben Potter said an address by US President Barack Obama on the US debt-ceiling deadlock had failed to register on the local market. The deadlock sent US stocks tumbling overnight. ... |
| | | | ... final buzzer, we all know that the final call would be "deal!" The New York Times reported last night that US President Obama (Democrat) and House Speaker John Boehner (Republican) were nearing a "major budget deal." Hooray! Until it runs into some opposition ... |
| | | | ... the other side." Sure enough Bloomberg reports today that, "The proposal for a $3.7 trillion debt-cutting plan praised by Obama is facing resistance from House Republicans..." Oh well, at least US corporate earnings announcements remain on the plus side. ... |
| | | | ... company results bolstered investor confidence. Dealers said sharp gains overnight on Wall Street after US President Barack Obama welcomed a major bi-partisan deal on tackling the public deficit drove Asia higher and set up Europe to build on Tuesday's ... |
| | | | ... surprise, surprise - the US is nearing an agreement on its debt ceiling. Here's Bloomberg's take: "US stocks extended gains as Obama embraced a $US3.7 trillion debt-cutting plan by a bipartisan group of senators that would combine tax increases and spending ... |
| | | | ... cuts and measures to cap government spending and indelibly ink a 'balanced budget' proviso into the Constitution. President Obama doesn't - he's already promised to veto this. Yak, yak, yak. Yes, Republicans and Democrats will continue to do this until ... |
| | | | ... a similar warning on Wednesday. Even so, there has been little visible progress in negotiations between President Barack Obama and Congressional Republicans. The Standard and Poor's 500 stock index finished with a gain of 7.27, or 0.6 per cent, to 1,316.14. ... |
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