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Hope for the US Debt Talks Jul 18, 2011 // Anthony IsabelNo Comments »Hope for the US Debt Talks
20 July 2011
As the deadline gets closer to an unprecedented U.S. debt default, President Obama and Congressional leaders will meet today to attempt to avert default. A new and ambitious game plan has been presented by a group of Senators that are now known as the Gang of Six. The delegation is hoping that the details are indeed a legitimate way out of the impasse between Democrats and Republicans on debt, taxes and the fiscal future of the country.
Reaction thus far have been positive, President Obama has indicated that it is a very significant step. Investors have welcomed the plan as well driving 30-year Treasury bonds sharply and pushing U.S. stocks to their best day since March 2011.
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Tags: Debt Talks, Talks