Monday, August 1, 2011

Interview with Tea Party Co-Founder Mark Meckler: 'We Have Compromised Our Way Into Disaster' - SPIEGEL ONLINE - News - International

Interview with Tea Party Co-Founder Mark Meckler: 'We Have Compromised Our Way Into Disaster' - SPIEGEL ONLINE - News - International: "Mark Meckler, 49, the co-founder of the Tea Party Patriots in the United States, talks to SPIEGEL about the US debt ceiling, the radical right's uncompromising fight against the national debt and the 'complete economic disaster' he claims President Barack Obama has created."

10 signs the double-dip recession has begun - Business - US business - msnbc.com

10 signs the double-dip recession has begun - Business - US business - msnbc.com: "Friday's news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse."

Manufacturing growth hits lowest level in 2 years - Yahoo! News

Manufacturing growth hits lowest level in 2 years - Yahoo! News: "WASHINGTON (AP) — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer."

US Stocks Slump on ISM News, Euro Zone Jitters - CNBC

US Stocks Slump on ISM News, Euro Zone Jitters - CNBC: "Stocks were under pressure Monday after the ISM manufacturing index hit its lowest level since July 2009 and amid renewed worries over some euro zone countries."

Small spending cuts to have little economic impact - Yahoo! News

Small spending cuts to have little economic impact - Yahoo! News: "WASHINGTON (AP) — The first phase of a deal to raise the government's borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014."

$2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History | CNSnews.com

$2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History | CNSnews.com: "The bill to increase the federal debt limit that has been put before Congress today would increase that limit by up to $2.4 trillion, which would be the largest increase in the debt limit in U.S. history by a margin of half a trillion dollars, according to records published by the Government Accountability Office and the Congressional Research Service."