News
Bloomberg | IMF’s Lagarde Drops Proposal to Back Argentina in Debt Case
International Monetary Fund Managing Director Christine Lagarde withdrew a proposal to back Argentina in the country’s legal battle over its defaulted debt, citing opposition from the U.S., the fund’s largest shareholder.
Econ Comments & Analysis
Politico | Debt ceiling drama returns
The rapidly approaching fight over lifting the nation’s borrowing limit won’t only pit Republicans against President Barack Obama but also pit Republicans against Republicans.
Forbes | In My Native City Of Detroit, Atlas Has At Long Last Shrugged
I’m sad. Detroit is my native city. It’s decline from being arguably the world’s richest city to being America’s “first Third Word city” is tragic, politically criminal, and a warning to other Americans.
Washington Post | Detroit casts a shadow on munis
Although a municipality filing for bankruptcy protection is rare, you ought to be paying attention to what happens to bondholders in the case of Detroit.
Blogs
Market Watch | Debt limit talks won’t hurt growth this year, say Wall Street economists
Wall Street economists don’t believe that coming negotiations over raising the U.S. borrowing limit will hurt growth this year, according to a report by the Securities Industry and Financial Markets Association.
