AFP GENEVA | World Economic Forum (WEF) - the Summer Davos 2009 - ranks US 93rd among the 133 nations in terms of macroeconomic stability. "More generally, given that the financial crisis originated in large part in the United States, it is hardly surprising that there has been a weakening of the assessment of its financial market sophistication, dropping from ninth last year to 20th overall this year in that pillar," said the WEF. The United States also scored badly for the soundness of its banks, in 108th place, just ahead of Venezuela, Serbia and Vietnam.
The Hill | The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October
The Hill | The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October
