America’s financial apocalypse approaching? NYC speaks out
Published: 30 July, 2011, 08:58
TAGS:
Crisis,
The Resident,
Currencies,
Budget,
USA,
Cary Johnston,
Economy
As the Democrat-controlled Senate blocks a motion to raise America’s debt ceiling and to cut spending passed by the Republican-dominated House of Representatives, there seems to be no solution on the horizon.
Meanwhile, the August 2 deadline for raising the debt ceiling is rapidly approaching, and RT’s Lori Harfenist, also known as The Resident, hit the streets of New York to find out whether Americans feel an apocalypse is around the corner.
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Elite won’t trade off revenues to save America from default – Celente
While the politicians battle it out over who would be to blame if the American economy hit a brick wall, Gerald Celente from the US-based Trends Journal says the political elite will not recognize simple solutions to curb America’s deficit.