On Monday, the Dow finished down 4.6 percent, the biggest decline in percentage terms since August 2011, when investors were fretting over Europe's debt crisis and
the debt ceiling impasse in Washington that prompted a U.S. credit rating downgrade.
The Tea Party gets put on ice: The Republicans have just had a humiliating year, full of self - inflicted wounds and infighting over the government shutdown and
debt ceiling impasse.
Not exact matches
Owens believes the
impasse will continue as the deadline for Congress to vote on the
debt ceiling approaches.
«Unlike the
debt ceiling standoff, with its competing claims of trillions in cuts, the FAA
impasse involves only a tiny slice of the federal budget.
Finally, with Republicans seeking more spending cuts in exchange for lifting the
debt ceiling, which President Obama refuses to negotiate, another fiscal
impasse can not be ruled out.
Analysts at First Data Corporation say that consumers began spending significantly more toward the end of the month, after the U.S. government was reopened and the
impasse over the federal
debt ceiling was temporarily resolved.
The
impasse over the
debt ceiling continues.
Ultimately, in an
impasse, each side fears losing something: In disputes over Gun Control, it is losing more innocent lives vs. losing personal safety and protection; in disputes over Immigration Reform, it is losing talented people and necessary social contributions of immigrants vs. losing potential American jobs; in disputes over the
Debt Ceiling / Fiscal Cliff, it is losing on - going social programs vs. losing tax money to excessive interest payments; and, in disputes over Certification for Mediators, it is losing quality control for consumers vs. losing personal / professional autonomy to future regulators.