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

US Investors Eye IPO for China's Alibaba

E-commerce giant handled 80 percent of China's online business last year, logging more Internet transactions than US-based Amazon.com and eBay combined More

Video Uneasy Calm Settles Over Israel, Gaza Strip

As cease-fire begins, Palestinians celebrate in streets; Israelis remain wary More

Video Chinese Doctors Use 3-D Spinal Implant

In treatment of a 12-year-old boy Chinese doctors used a 3-D printer and special software to create an exact replica of vertebra More