Elections Democrats

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    The nation's health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out Thursday.

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    In the very unlikely event that the United States defaults on its debt obligations, the country's economy would contract by 5 percent and stocks would fall by nearly a third, according to Credit Suisse.

  • President Barack Obama

    When "the dollar is the reserve currency underpinning the system, waking up to discover that U.S. debt may not be AAA after all is surely a market event,” says an analyst at one European bank.

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    With the clock ticking in Washington DC and Congress desperately trying to find an agreement on raising the debt ceiling, the greenback is heading towards levels last seen in the fall of 2008, when it reached its lowest point over the past 10 years.

  • Dick Bove

    Until Washington resolves its debt ceiling impasse no investments are safe, says banking analyst Dick Bove, who recommends shedding all positions in the stock market.

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    Other than a short rally today, the dollar's been taking it on the chin as Washington squabbles. Here's how to trade it.

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    Even a debt deal may not prevent a rating cut for U.S. debt. Here's what it would mean for the dollar, and what you can do.

  • Last night, I spoke with David Beers, head of S&P's sovereign debt rating committee on CNBC’s Kudlow Report. He made it very clear: the U.S. must take steps to lower its debt/GDP trend over the long run.

  • Andrew Liveris

    America is "becoming a bit of a laughingstock" to Europe because of its inability to resolve its debt problem, Dow Chemical CEO Andrew Liveris told CNBC Wednesday.

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    Debt woes hit the dollar - again - and Asian currencies lift off. Time for your daily FX Fix.

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    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.

  • U.S. Minority Leader Rep. John Boehner

    As the high risk-game of chicken over raising the US debt ceiling draws closer to possible economic collision, one economist is warning that any deal that wins approval from the right-wing Tea Party movement will pass neither the Senate nor the president.

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    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.

  • Invasion of the Body Snatchers (1956)

    I know I’m supposed to be all freaked out about the nation reaching its debt limit and our credit being downgraded and we’ll stop paying some bills. But I live in California. This is normal. Daily panic and doomsday scenarios over government finances started here. Political gridlock, kicking the can down the road…that’s how we roll.

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    That August 2 deadline just keeps approaching, and Washington seems no closer to a debt deal. Here's how to trade the impasse.

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  • home loans

    As we edge ever closer to next Tuesday, August 2nd, those of us who cover the housing market are trying to figure out what this will mean to mortgage interest rates. They are currently bouncing around historic lows and have been for some time. Refinances are surging, as the seven people left who haven't yet refied are scrambling to do so. But are we all worried over nothing?

  • Dora the Explorer

    Feeling obligated to watch the President I tuned in for a classic "not my fault but his fault" game of dodge-responsibility. Speaker Boehner wasn't any better. I got mad watching the politicians be politicians and I got Lola Jane mad by turning off Dora.

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    We need a deal with the greatest amount of cuts, and we need to lift the debt limit - NOW. It looks as if our sovereign debt rating will most surely be cut by the ratings agencies. That this has been allowed to happen is a shameful, despicable black mark that should follow each legislator to his or her grave.

  • Worries about the debt ceiling derail the dollar, and kiwis fall after trade data disappoints  - it's time for your daily FX Fix.