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What is Plan B if China dumps its U.S. debt?
By Emily Flitter NEW YORK (Reuters) – When borrowing money it’s always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or...
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12 Economic Collapse Scenarios That We Could Potentially See In 2011
What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis. The United...
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Record U.S. deficit projected this year
The still-fragile economy and fresh tax cuts approved by Congress last month will drive the federal deficit to nearly $1.5 trillion this year, the biggest budget gap in U.S. history, congressional...
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Japan catastrophe could make U.S. debt costlier
reuters.com The U.S. Treasury market could feel financial aftershocks from Japan’s tragic U.S. Treasury. Offloading some of the Asian giant’s $1 trillion of foreign reserves could raise cash to help...
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US, China to hold economy meeting in May
AFP WASHINGTON — Top officials from the United States and China will meet in Washington early next month, the Treasury Department said Monday, as tensions between the two economic superpowers simmer....
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Is our debt to China a national security risk?
salon AP/Jacquelyn Martin Treasury Secretary Timothy Geithner meets with China’s Vice Premier Wang Qishan, center, during the US-China Strategic and Economic Dialogue meetings, Monday, May 9, 2011...
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