Thursday, 28 July 2011 07:40 'The dollar sank further against the euro on Wednesday both in Asian and European markets, sending the EU single currency to the high levels of $1.4520 and $1.4530, AFP reported. This comes after the White House threatened that President Barack Obama would veto a Republican plan on raising the debt ceiling.
The plan proposed by House Speaker John Boehner would impose $1.2 trillion in spending cuts, and establish a select congressional commission to propose an additional $1.8 trillion in savings by Thanksgiving, November 24, 2011. The plan, in general, aims for about $3 trillion in spending cuts over 10 years.'
Friday, 29 July 2011
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