Despite debt deal, clouds hang over Obama re-election

August 3, 2011
Arshad Mahmud
Despite debt deal, clouds hang over Obama re-election

As you have come to know by now that the United States Congress voted to raise the federal debt limit just hours before the deadline was to expire on Aug 2. Failure to do so would have led to the US treasury running short of cash to pay the nation’s bills.
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What happens if the US defaults?

July 28, 2011
Arshad Mahmud
What happens if the US defaults?

As you’ve already noticed, the whole world is now focused on what happens on Aug 2 when the deadline for raising the United States current debt limit of $14.3 trillion expires. Tension is mounting all across largely because what happens in the world’s largest economy has implications for many countries including Bangladesh, which exports...
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