The fundamental, and at times, passionate debate about sovereign debt is a predictable part of the sequencing of the financial crisis rumbling through the West. The crisis has exposed three major fault lines in our fiscal systems. First, it broke the banking system, the fixing of which has extracted a heavy cost. Second, it shocked [...]
Posts Tagged ‘borrowing’
Markets look for political leadership
March 3rd, 2010 by Financial Writer
Tags: banking system, borrowing, debt crisis, economic growth, financial crisis
more...Fed to Get $200 Billion Boost
February 24th, 2010 by Financial Writer
The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will make it easier for the Fed to raise interest rates when the time comes.
Officials sought to dispel the notion that the move marks a step toward tightening credit now.
Fed Chairman Ben [...]
Tags: ben bernanke, borrow, borrowing, fed, Federal Reserve, financial services, interest rates
Debt crisis unsettles European economy
February 7th, 2010 by Financial Writer
Governments in Athens, Madrid and Lisbon struggled on Friday to quell fears of a looming debt crisis in Europe that is pummeling the euro and rippling across global markets, as authorities vowed to impose fiscal austerity and plug their yawning budget deficits. The problem, however, is that investors don’t appear to believe them.
Senior officials at [...]
Tags: borrowing, debt crisis, european economy, financial reckoning, investor, us exporters
Consumer borrowing falls sharply in November
January 9th, 2010 by Financial Writer
Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound.
The [...]
Tags: borrowing, consumer, credit cards, economic activity, economic recovery, Federal Reserve