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Asia Stocks Gain; U.S. Futures, Oil Fall Before Obama Speech on Debt LimitPresident Barack Obama warned that burgeoning debt threatens to do "serious" damage to the economy and that Congress must compromise to address future deficits. Halmarick also discusses the US bond market and dollar. He speaks from Sydney with Rishaad ... read more
Obama warns of 'dangerous game' in stand-off as debt battle continues
US President Barack Obama speaks in a rare prime-time address to the nation about the national debt crisis. Photograph: James Watson/EPA The battle between Barack Obama and the Republicans over the national debt reached a new level on Monday night when ... read more
Debt Crisis Provokes Bloomberg Prior To Obama's Speech
Hours before President Barack Obama made his speech to the nation this evening on the growing debt crisis, Mayor Michael Bloomberg spoke out, panning Washington's "leadership deficit" as the situation continues unresolved. NY1's Josh Robin filed the ... read more
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