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  • current national debt news

    TEXT-Fitch ups Novosibirsk to 'BB+';outlook stable

    18.05.12

    The upgrade reflects the region's sound budgetary performance, supported by increased tax revenue underpinned by the continued expansion of the local economy, improved capital spending with sustained self-financing capacity on capex and low direct risk. The ratings also take into account the region's moderate contingent liabilities and the moderate rigidity of its operating expenditure.


    Source: Reuters

    Merkel faces more ballot woe in German state vote

    18.05.12 German Chancellor Angela Merkel, left, waves to the crowd as she attends an election campaign rally together with Norbert Roettgen, right, top candidate of the Christian Democratic Union party CDU for the North-Rhine Westphalian federal state elections in Gelsenkirchen, Germany, Wednesday, May 9, 2012. Germany's most populous federal state will go to the polls next Sunday. A bad European week for Chancellor Angela Merkel looks likely to end with more electoral woes - this time, the likely re-election of a center-left government in Germany's most populous state, which Merkel has sought to portray as irresponsibly addicted to debt.


    Source: TheNewsTribune.com

    Foster's Fiscal Legacy: Illinois Families Can Look Forward to More Debt ...

    18.05.12

    From the National Republican Congressional Committee (NRCC)…

    Illinois Democrat Shows No Signs of Halting His Failed Stimulus Spending Policies

    WASHINGTON --- Since President Obama and Bill Foster now own one of the worst fiscal records in American history, it is no surprise that the current and future economic forecasts are so unsteady. Foster's failed stimulus spending policies have only managed to skyrocket the national debt and make it increasingly difficult for America’s small businesses to grow and create jobs for middle-class families.


    Source: ChicagoNow (blog)