Already the world’s largest natural gas producer, the United States has becoming the world’s largest oil producer locked in its sights.
As the U.S. government shutdown enters its 11th day, it is starting to affect more than just the food trucks that line the streets of D.C. at lunch time.
It may not indicate that calmer heads are prevailing, but there are signs that House Republicans and Democrats are inching toward a short-term agreement to increase the U.S. debt ceiling and avoid a default.
“Uncertainty” is certainly the watchword of the day when it comes to the U.S. government shutdown, impending debt-ceiling debate and even the end of quantitative easing.
Robert F.X. Silverman’s dream of turning his concert promotion company into a publicly held phenomenon came true yesterday.
The U.S. Treasury can avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit by Oct. 17 but it would put the United States on a path toward recession.