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.
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Gold Trades Near One-Week High as U.S. Budget Deadlock Persists
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...
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Australia business confidence rises after election
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...
Dollar hits nearly two-month low against yen
NEW YORK (MarketWatch) — The U.S. dollar fell to its lowest level against the Japanese yen in nearly two months on Monday, as Democrats and Republicans stood their ground on opposite sides of the budget debate and the government shutdown stretched into its second week.
Trading on Monday was marked by “outperformance of safe-haven...