A common view we've heard on Fox News is that breaching the debt ceiling wouldn't mean a default, because the U.S. has more tax revenue coming in every day than it has to pay in interest payments. So as long as you prioritized interest payments...
he Union finance ministry pays more than Rs 10,000 crore every year as interest on delayed IT refunds. In the five years till 2010-11, it had paid over Rs 37,000 crore as interest, and without the approval of Parliament or any budgetary provision.
The current US National Debt is over $14.8 Trillion. Much of this debt is owed to U.S. residents. Among the external creditors, China is the largest holder of U.S. debt.
The U.S. spends a large portion of its budget each year in the form of...
Failure to pay will trigger default in 30 days
* Talks with debt holders to deleverage are ongoing
* Company could be looking for a buyer (Adds analysts' comments, background)
By Nichola Groom
LOS ANGELES, July 15 (Reuters) - U.S....
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