Debt ceiling or strategically default is one of the hottest topics these days. PEW Charitable Trusts prepared a great document that explains debt ceiling or strategically default, should we raise it? What is the federal debt? If the federal government does not collect enough revenue to pay for all its spending obligations, it must borrow to make up this shortfall; the...

United States-based financial services company, Standard & Poor’s (S&P), leading credit ratings agency, says new Greek bailout plan, supported by French and German banks would probably count as a default, if banks rolled over their holdings in the country’s debt. Standard & Poor’s said in a statement that two proposals by an association of...

It seemed unlikely that such extreme volatility could ever be matched. But the second-quarter of 2011 has come close, with the asset class performing poorly and dragging the rest of the financial markets with it. The first half of 2011 ended on a high. The two factors that caused so much volatility in the first quarter – the Japan earthquake and turmoil in the MENA region...

Greece was saved from near collapse after obtaining a vital loan installment, EU agreed to pay Athens a euro $17.39 billion tranche of its existing euro 110 billion rescue package by July 15, in time to meet several bond repayment deadlines this month and next. Europe and the International Monetary Fund will also continue to prop up Greece’s struggling economy in...