Economy - Most Commented

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Poll shows majority of Americans want debt ceiling compromise

Jul 26, 2011
Even if it means passing a package they disagree with. And a majority of Americans believe that President Obama and Congress will reach a deal by the Aug. 2nd deadline, according to findings by the Pew Research Center for the People and the Press.

Explainer: How do governments borrow and lend

Jul 26, 2011
On August 2, the U.S. Treasury Department says it will run out of cash and could have to default on some of its debts -- namely U.S. Treasury bonds.

Debt talk: Still no deal

Jul 26, 2011
Washington took to the airwaves yesterday to explain why there was still no plan to raise the debt ceiling. Meanwhile, Wall Street is holding its breath and hoping for a deal before the August 2nd deadline.

In the debt ceiling debate, Obama warns of worst case scenario

Jul 26, 2011
After months of debate, only two debt plans are currently on the table: a Democratic plan that avoids cutting Medicare and Social Security, and the Republican plan to raise the debt ceiling in stages.

Obama calls for a 'balanced approach' to solving debt crisis

Jul 25, 2011
As the deadline nears on reaching a deal to raise the debt ceiling, Obama presses on Congress in rare prime-time address

What effect are the debt talks having?

Jul 25, 2011
Julia Coronado, chief economist at BNP Paribas, explains whether the debt debates will do any long-term damage to Treasury bills.

Bond markets remain calm amid debt ceiling debate

Jul 25, 2011
As the debt default date looms, bond analyst Marilyn Cohen explains why so many foreign markets aren't panicking -- even though they hold a lot of our cash.

Wall Street waits to see what happens with debt talks

Jul 25, 2011
New York bureau chief Heidi Moore discusses why markets aren't panicking right now, even though a debt ceiling deal seems pretty far off.

Balancing long term debt and short term debt default

Jul 22, 2011
CBS/MoneyWatch editor-at-large Jill Schlesinger explains how Americans have become more open to tax cuts as part of a debt solution.

U.S. mayors put pressure on Congress over debt deal

Jul 22, 2011
Fifty mayors from around the country meet in Los Angeles today to urge Congress to reach a deal and prevent economic trouble at the local level

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