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    Sunday night's deal that will see the US debt ceiling raised if it passes a vote in the House is merely a "band aid" and certainly not a game changer,  according to an assessment from Barclays Capital.

  • Who Can Save Obama: The Fed or the Tea Party? Monday, 1 Aug 2011 | 5:26 AM ET
    Barack Obama

    Watching President Barack Obama’s body language when he went in front of the American people to talk about the compromise on the debt ceiling, it was clear he is not happy with the proposal, which he believes will avoid a damaging default.

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    Following the last-minute debt deal agreed by President Barack Obama and congressional leaders, one strategist is predicting the rating agencies should downgrade US debt by two notches.

  • Obama Accused of ‘Surrender’ as Debt Vote Looms Monday, 1 Aug 2011 | 2:30 AM ET
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    On a weekend of high drama, President Barack Obama finally managed to get congressional leaders on both sides of the political divide to agree on a compromise plan to raise the debt ceiling and avoid a potentially devastating default.

  • Debt Deal's Prospects in House Uncertain Monday, 1 Aug 2011 | 12:53 AM ET
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    The announcement by Barack Obama that a deal had been reached to increase the US debt ceiling late on Sunday night did not put to rest lingering questions about whether the agreement would overcome the most difficult remaining hurdle: passage of the legislation in the House of Representatives. The FT reports.

  • Nation Calls Capitol Mad, and It Agrees Saturday, 30 Jul 2011 | 3:18 PM ET
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    If the rest of the country thinks that Washington has gone mad this summer, that is pretty much the view in this bewildered capital, too. The New York Times reports.

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    The outcome and consequences of Washington's deficit-reduction efforts are as yet unknown, but what is clear is the heavy calendar of economic reports in the week ahead will have consequences of its own.

  • Using Currencies to Protect Against Default Friday, 29 Jul 2011 | 7:13 PM ET

    The House and the Senate are ready to rumble over debt plans. Here's how to trade the uncertainty.

  • The U.S. Treasury plans to hold auctions Monday for slightly more than $50 billion in 3- and 6-month bills, officials told primary dealers in New York Friday.

  • CNBC.com Market Outlook Friday, 29 Jul 2011 | 5:00 PM ET
    CNBC.com Market Outlook

    The week's top business news and investment advice, including debt bets and commodities plays.

  • EZ Money: Honk If U Want to Buy This Friday, 29 Jul 2011 | 4:26 PM ET
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    In tough times, governments, just like the rest of us, start feeling between the seat cushions and rummaging around the house to see what they can sell for cash. Illinois has its eye on a new revenue stream — your license plate.

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    With the clock running out on the August 2 deadline to increase the debt ceiling, short-dated Treasury bill yields have gone up "fairly considerably over the course of the last week," Tad Rivelle, CIO for fixed income at TCW, told CNBC Friday.

  • Spain's on Notice, Yen's on a Short Leash Friday, 29 Jul 2011 | 7:29 AM ET
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    A warning on Spain dents the euro and Japanese officials want the yen lower, thank you. It's time for your Friday FX Fix.

  • America's 'Fiscal Swamp' Raising Global Risks: Citi Friday, 29 Jul 2011 | 3:30 AM ET
    US President Barack Obama (C) speaks with US Speaker of the House John Boehner as Majority Leader Senator Harry Reid looks on during a meeting in the Cabinet Room at the White House in Washington, DC, on July 23, 2011.

    Navigating America’s fiscal swamp - even if investors don’t fall in - will not be pretty, according to Citi Chief Economist Willem Buiter.

  • Time to Think the Unthinkable on US Debt Friday, 29 Jul 2011 | 3:23 AM ET
    President Obama and Speaker of the House Rep. John Boehner

    "The world’s financial system could face losses equivalent to that of Lehman’s failure by August 15, and then again on the fifteenth day and the last day of every month until default is rectified,” says one chief economist.

  • A New Chapter for Vallejo Thursday, 28 Jul 2011 | 5:05 PM ET

    If all goes according to plan, the city of Vallejo will emerge from a three-year bankruptcy.

  • US Is 'Not a Triple-A Credit': David Stockman Thursday, 28 Jul 2011 | 12:54 PM ET
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    The U.S. is "not a triple-A credit" and is running a "fiscal doomsday machine," David Stockman, former federal budget director under President Reagan, told CNBC Thursday.

  • Yeeeehaw! Buy This Wild West Town for $799,000 Thursday, 28 Jul 2011 | 12:54 PM ET
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    There are a lot of great real estate bargains on the market right now but this one takes the cake — You can buy an entire town for $799,000.

  • NJ Governor Chris Christie Taken to Hospital Thursday, 28 Jul 2011 | 12:16 PM ET
    Chris Christie

    New Jersey Gov. Chris Christie is undergoing tests at a hospital after he had difficulty breathing.

  • Market Correlations at 'Nosebleed Levels': Analyst Thursday, 28 Jul 2011 | 6:56 AM ET
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    The current political turmoil may put technical levels for stocks at risk, Philippe Gijsels, the head of research at BNP Paribas Fortis Global Markets in Brussels, told CNBC.com in an interview Thursday.