Wednesday, July 27, 2011

The Debt Ceiling Debate is Now Reaching Critical Levels

by Ayvaunn Penn, Your Black World

Valuable time is ticking away, and there is now less than a week left until the U.S. runs out of money. Government leaders around the world are getting nervous. According to Reuters, a board member of the Bank of Japan stated, “As the world’s biggest economy, the U.S. would have an immeasurable impact on global financial markets and Japan would not escape the damage. Valerie Pecresse, France’s budget minister says, “The global economy needs an American agreement…WRAPPED UP IN A BOW.” Simply put, everyone’s nerves are being frazzled by this U.S. governmental stalemate. Reuters reports:


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