As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
“A financial crisis and recession that could echo the events of 2008 or worse.” That’s the dire warning the Treasury Department issued Thursday about the possibility the GOP forced government shutdown could tumble into a debt default by the United States.
With the peak of the 2013 hurricane season approaching, Congresswoman Debbie Wasserman Schultz is urging congress to end National Guard furloughs which started July 8th and are set to continue through September.
The U.S. economy continued to plug along at a depressed rate in May adding 175,000 jobs, in line with what analysts had expected. However, the unemployment rate ticked up 0.1 percent in May to 7.6 percent, according to the Bureau of Labor Statistics.
Florida’s unemployment rate has been stuck in double-digits for months now, but new numbers on the national level may give Floridians hope that the employment picture is pointing in the right direction.
The Occupy Wall Street Movement has inspired protests and activists worldwide, including a local street artist who is using his talents to send a message to all Wall Street Bankers.
The fourth fiscal quarter has gotten off to a rocky start on Wall Street; but there are new signs the U.S. economy is improving, even if it’s just minor gains.
Florida lawmakers will convene a joint legislative panel Wednesday to hear from state economists on a new three-year financial outlook for the state budget.
Florida’s jobless rate for August won’t be released for another two weeks, but if the national numbers are an indicator; Florida’s numbers may not be pretty.
With the countdown to the federal government’s expected August 2nd debt default getting closer every day, the U.S. economy is already seeing the impact from a weakening U.S. dollar overseas.