SOFIA, July 29- Bulgaria's outgoing parliament voted on Tuesday to widen the 2014 fiscal deficit target and raise 3.4 billion levs in new debt, giving the next government some of the tools needed to solve the country's banking crisis.» Read More
The UK’s true national debt is now £3,617 billion ($5,930 billion) or £138,359 ($226,807) per household, according to the latest figures from the Centre for Policy Studies, a centre-right think tank.
Washington shutdown fears are sinking the U.S. dollar, according to some news reports. Surely there’s something to this, as investor confusion rises and confidence falls, and as Washington seems to be gridlocked over a few billion dollars.
Discussing whether we will see a budget deal before tonight's midnight deadline, with Greg Valliere, Potomac Research Group, and Tony Fratto, former White House deputy press secretary.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
House Speaker John Boehner says there's no agreement on spending and that he believes the Senate should pass the stopgap spending bill.
Corky Crovato, Corky Products & Services; Jack Biddle, co-founder, NovakBiddle Venture Partners; and Alan Bubes, CEO, Linens of the Week, discuss what they doing with their own portfolios right now, as well as what has them most concerned.
Looking for a resolution in Europe's bailout situation and a stabilizing of the economic situation in the U.S.Peter Kenny, Managing Director, Knight Equities, talks about the headwinds being digested into the markets.
The sentiment that there will always be another bailout in Europe is rapidly coming to an end, reports CNBC's Guy Johnson.
Democrats say they've agreed on spending, while Republicans say they haven't. Meanwhile, the shutdown apparatus is beginning to move in Washington. President Obama has said he wants to announce a deal this morning, reports CNBC's Hampton Pearson.
Private equity power player Scott Sperling, co-president, Thomas H. Lee Partners, says the threat of a double-dip recession has lessened significantly, and that his portfolio is doing quite nicely, thank you. And it's all happening, he adds, despite significant headwinds in the economy, although, he adds, it's too early for the Fed to put on the brakes.
Sen. Kent Conrad (D-N.D.) discusses what's holding up the budget agreement, and says using Federal funds for abortion is illegal, so there's no reason to keep this spending bill from moving through Congress and the Senate.
CNBC's Rick Santelli discusses the budget showdown and how it's impacting the investor thought process.
Even though both sides have reportedly agreed on the size of spending cuts, social issues are apparently holding up a budget agreement. Sen. Bob Corker (R-Tenn.) discusses the progress of the spending bill.
"The outlandish scenario of a US debt downgrade is no longer the stuff of finance fiction," says the head researcher at at SocGen.
A third of economists and money managers believe the Fed will hike rates this year. Half believe the Fed has been too accommodative. And Wall Street believes the Fed will be more aggressive in selling assets, particularly in 2012, reports CNBC's Steve Liesman.
Discussing whether the Fed is losing its credibility vs. other central banks around the world, with Yra Harris, Praxis Trading.
Marc Faber, editor and publisher of "The Gloom Boom & Doom Report," discusses the world economy and the amount of paper being printed by central banks. His preference, as a result, is gold. Faber adds that in the current environment, cash and bonds are dangerous. Everything is going up, he says. Only at the Federal Reserve is there no inflation.
CNBC's Guy Johnson reports from Budapest as European finance ministers meet to discuss the EU's debt crisis. And the country's travel forecast and a look at Augusta.
Discussing the budget showdown, who benefits, and the reasons why it's taking so long to pass a spending agreement. The EU financial watchdog will unveil bank stress tests today and back position limits on commodity trades. And Sony suspends production at two plants after yesterday's aftershock, as the Nikkei hits its highest level since the March earthquake and tsunami.
Spain has avoided a costly run on its debt even as its closest neighbor, Portugal, has been forced to ask the European Union for help to help fund its debt burden. But one analyst remains skeptical the Spanish are out of the woods just yet.