U.S. Debt Expected To Soar This Year: $2 Trillion Increase May Test Federal Ability to Borrow U.S. could be facing debt 'time bomb' this year: Investors' thirst for American securities could finally be quenched U.S. governors seek $1 trillion federal assistance: Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country's 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession. Factories slash output, jobs around world: Factories in China and India joined much of Europe in slashing output and jobs at a record pace in December, another sign the biggest emerging markets were wilting under the recession gripping industrialized nations.
Sunday, 4 January 2009
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