Archive for July 17th, 2011

What happens to markets if the US defaults? (AP)

July 17, 2011
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NEW YORK – Time is running out for Washington to raise the country’s borrowing limit and avoid a default. Wall Street isn’t panicking yet. But if the unthinkable happens, a default could strike financial markets like an earthquake.
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Stocks stymied without a debt deal (Reuters)

July 17, 2011
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NEW YORK (Reuters) – Stocks will be hard pressed to turn the tide of recent selling this week as political jousting over raising the United States’ debt ceiling intensifies.
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