Page 53 - Debt Problems News Today

Scrambling to control the snowballing debt crisis in europe. greece, ireland, portugal, italy and spain facing dire financial problems that could require drastic measures to protect the global economy. >> mile investors believe europe can handle a greek default and additional debt problems from ireland and portugal, it would likely have more problems trying to swallow the debt problems of spain and italy but it appears those two countries will need help, as well. >> those are the matters which t...

Freefall, after the economic recovery and the european debt problems. for the first time, the debt traded without the top natch triple-a for one of the big three rating firms. the wall street investors are again rushing to sell the stocks. >> there is a realization among global strategist that the slowdown is coming. >> the investment top rating agency standard & poors downgraded friday for the first time in history. the united states government debt. >> they are going to turn to a safe asset. t...

About 6%. the dow with its worst one-day point loss or sixth worse in history off more than 600 points. the nasdaq off 175. s&p 500 off 80. the markets are trapped in a vicious cycle of fear and now panic. fear after the credit ratings agency s&p downgraded its assessment of u.s. debt. today, followed up downgrading the ratings of americas large mortgage holders and panic because no one seems to know the exact implications of what it could have on our already fragile economy. especially as sever...

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Ron assante joins me live with a look on the boards. the -- >> all you said we got a relief rally after the fed said it would hot -- and i suspect is the fed will probably do more in the relative new future. today slightly different story. we are less concerned about our own deficits and debt problems than we are about europe. there have been rumors about the solvency of french banks. theer heavily indebted, so the european dead crisis appears to be widening and deepening. >> cnbcs ron assante, ...

>> is this a moment in our history that marks a turning point in which the rest of the world would have confidence in the u.s. in >> they have questioned whether we can. china is leaping forward . germany and canada are all saying the same thing. one thing that sounds weird . i want to explain it a bit uma. we are not so great. but so much of the world stinks . as i said. we stink but the benefit for us. they stink more . a lot of countries are having debt problems . i can talk aboutitilyy.

Something that is used as a gun against the heads of the american people to extract tax breaks for corporate jet owners or oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high. the notion that the u.s. is going to default on its debt is just irresponsible, and my expectation is that over the next week to two weeks, that congress, working with the white house, comes up with a deal that solves our deficit, solves our debt problems, and makes s...

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Just irresponsible, and my expectation is that over the next week to two weeks that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our full faith and credit sit protected. >> during the town hall the prot answered tweets from all over the country and it got one from house speaker john boehner. boehners tweet saying after embarking on a record spending binge thats left us deeping in debt wrrks are the jobs. a tweet...

With solving the debt problems. the white house pushes back saying joe bidens bipartisan talk with member of congress made solid progress and he is the presidents point man. >> everyone knows what the presidents position is, what his plan is. parameters of his plan. its quite clear. democrats are aware of it, republicans are aware of it. >> majority leader eric cantor says the president admitted the political reality to house republicans wednesday. >> he did say that nothing that he would propos...