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Showing posts with label Debt default. Show all posts
Showing posts with label Debt default. Show all posts

Monday, July 25, 2011

Analysis: In debt row, hints of emerging-economy crises

Debt default. A ratings downgrade. Political deadlock. Such terms, once associated primarily with the developing world, now abound in the mighty United States.

As the U.S. Congress flirts with the once-unthinkable prospect of not paying the country's bills, the heated battle over a usually routine vote to lift the country's debt ceiling is dealing another blow to America's image.