US faces one of biggest budget crunches in world

Under the Obama administration's current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 - a far steeper increase than almost any other country.

//snipurl.com/wfid2



The Thirteen Housing Markets That Will Never Recover

New RealtyTrac numbers show that in April there were well over 300,000 foreclosures and the figure in on track to be higher in 2010 than in 2009. Several research firms say that underwater mortgages have moved above 11 million.

//247wallst.com/2010/05/13/the-thirteen-housing-markets-that-will-never-recover/


From Information Clearing House



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=debt
//freepage.twoday.net/search?q=budget
//freepage.twoday.net/search?q=GDP
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=foreclosure

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