USA

US Debt Crisis Likely to Hurt World's Lenders, Borrowers, Investorsi
X
October 05, 2013 12:19 AM
While official Washington remains preoccupied with a government shutdown, many experts are more concerned about another looming crisis. The U.S. Treasury Department says the government will run out of money to pay its bills by October 17 unless President Barack Obama and Congress agree to allow the government borrow more money. As VOA’s Kent Klein reports, the impact would be felt by borrowers, lenders and investors around the world.

US Debt Crisis Likely to Hurt World's Lenders, Borrowers, Investors

Published October 04, 2013

While official Washington remains preoccupied with a government shutdown, many experts are more concerned about another looming crisis. The U.S. Treasury Department says the government will run out of money to pay its bills by October 17 unless President Barack Obama and Congress agree to allow the government borrow more money. As VOA’s Kent Klein reports, the impact would be felt by borrowers, lenders and investors around the world.


You May Like

Video Iran Nuclear Deal Becomes US Campaign Issue

Voters in three crucial battleground states - Florida, Ohio and Pennsylvania - overwhelmingly oppose nuclear deal with Iran More

With IS in Coalition Cross-Hairs, al-Qaida's Syria Affiliate Reemerges

Jabhat al-Nusra has rebounded, increasingly casting itself as a critical player in battle for Syria’s future More

Lessons Learned From Katrina, 10 Years Later

FEMA chief Craig Fugate says key changes include better preparation, improved coordination among state, federal assistance agencies More