Government strikes deal with Greens to scrap debt ceiling (Dec 2013)

Debt-Bomb

Source: ABC News – Government strikes deal with Greens to scrap debt ceiling

Notable excerpts:

Australia’s debt ceiling will be scrapped altogether after the Greens struck a deal with the Coalition Government to break the impasse over increasing the debt limit.

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U.S. Fiscal Failure Warrants A De-Americanized World (Oct 2013)

chinese_economy

Source: Xinhua News – U.S. fiscal failure warrants a de-Americanized world

Notable excerpts:

As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.

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US debt crosses $17 trillion (Oct 2013)

government_debt

Source: RT – US debt surges $328 billion in single day, surpassing $17 trillion for first time

Notable excerpts:

Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt surged a record $328 billion, the first day the government was able to borrow money.

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