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  • Japanese Flag

    Analysts at Barclays Capital expect the United States to lose its AAA credit rating as a compromise plan is passed by Congress that leads S&P to cut its rating on US debt.

  • eu building brussels

    Let's make this quite clear: there is no need for the markets to get spooked by German Finance Minister Wolfgang Schaeuble's comments about "no carte blanche for ESFS bond buying".

  • capitol_building_6.jpg

    As the debate over raising the debt ceiling in the United States lurches onward, one analyst tells CNBC that if America wants to keep taxing its people like it's the 1950’s, it will need to significantly cut back on spending.

  • CONSPENDING_noTEXT.jpg

    Alabama's largest county is laying the groundwork for filing what would be the largest municipal bankruptcy in U.S. history, over a more than $3 billion debt for its sewer system.

  • US Capitol Building with cash

    The weekend ended with no deal on the debt ceiling. As I wrote last week, there are at least five reasons why the debt ceiling may not get raised. As we head into this week, the common wisdom remains that the debt ceiling will be raised one way or another. But will it?

  • capital_building_cash_new_200.jpg

    We are witnessing a classic restructuring negotiation. The Administration and Congress are negotiating a plan to restructure the federal government. The dynamics of the debt ceiling restructuring negotiations resemble corporate restructuring negotiations.

  • capitol_building_flag_200.jpg

    The Administration and many Republicans say they want big cuts - a “grand bargain” of up to $4 trillion. The Administration wants the cuts to be coupled with taxes. The Republicans will not vote in favor of raising the debt ceiling if taxes are included. And, this is the ideological divide. Will either side blink?

  • For far too long, states and municipalities spent above their means, creating massive structural budget deficits.

  • capitol_building_3_200.jpg

    A U.S. default isn't a matter of "if" but "when," David Murrin, chief investment officer at Emergent Asset Management, told CNBC.

  • CNBC_Real_Estate_2011_Poll.jpg

    The major issue facing states and municipalities is the unsustainability of their defined benefit public pension plans. States and local governments made promises to public employees that upon retirement they would receive defined payments for the rest of their lives.

  • eu building brussels

    After yet another midnight wait for a more or less cryptic "policy" statement by EU officials, CNBC puts together a translation of the hermetic euro policy language into plain English.

  • Uncle Sam taking money out of your wallet

    Yesterday, Fitch Ratings downgraded Minnesota from AAA to AA-plus. Minnesota is locked in a budget battle and was required to balance its budget by midnight on June 30 or face a shutdown of its government. Minnesota missed the deadline and the government is now shut down.

  • iPod Touch

    Americans who illegally download songs and movies may soon be in for a surprise: They will be warned to stop, and if they don’t, they could find their Internet access slowing to a crawl, the New York Times reports.

  • debt_collections_200.jpg

    After steadily climbing for several years, the number of Americans filing for bankruptcy is on the decline, though that is not necessarily an indicator of an improving economy the New York Times reports.

  • Uncle Sam taking money out of your wallet

    The markets seem to believe that the federal government will raise the debt ceiling before August 2. And the markets may be right.

  • LA Dodgers

    A Delaware judge on Tuesday authorized the Los Angeles Dodgers to enter into a $150 million bankruptcy financing arrangement after the club satisfied certain concerns raised by Major League Baseball, which had filed an objection offering its own financing proposal and blasting owner Frank McCourt's stewardship of the team.

  • Markl Mobius, Executive Chairman of Templeton Emerging Markets

    "It is not unrealistic for China to backstop the euro zone crisis," said Mark Mobius, the executive chairman of Templeton Emerging Markets Group in an interview with CNBC on Tuesday from Monaco.

  • Dodger Stadium

    Early this morning, Los Angeles Dodgers owner Frank McCourt filed for Chapter 11 bankruptcy in what was his last attempt to keep the team under his ownership. Sal Galatioto, president of sports investment bank Galatioto Sports Partners, stopped by on CNBC's The Strategy Session today to discuss the recent development.

  • Lenny Dykstra

    I blogged Friday that Dykstra has started tweeting, a difficult task considering the only mode of communication in lockup is a pay phone. Who was actually running his Twitter account? This weekend, I heard from that person—Daniel Herman, who says he is Dykstra's business manager.

  • Dodgers Striking Out

    Sal Galatioto, Galatioto Sports Partners, offers a look at what happens when a professional sports franchise files for bankruptcy.