About: Irene Wilson

With Congress dragging its feet on raising the debt ceiling, there are a lot of silly ideas making the rounds of cable TV networks, blogs—and the halls of Congress. Here are six of the most dangerous misconceptions being offered by those who doubt the severity of the havoc a debt freeze would unleash. Read more

Gold traded near the highest price in almost a week in London as investors weighed a U.S. political stalemate that extended a government shutdown. Nonessential U.S. government services have been closed for a week as politicians try to pass a budget. U.S. President Barack Obama reiterated he won’t negotiate with Republicans over the borrowing limit, as Treasury...

SYDNEY--Australian business confidence rose to its highest level in three-and-a-half years following the election of a conservative government, widely seen as more capable of managing a slowing economy as a long mining boom fades.

National Australia Bank's monthly business confidence index rose to +12 in September, from +4 in August. Still, a separate measure...