President Obama speech: U.S. default is imminent

…a speech at the National Council of La Raza's annual conference in Washington D.C. Monday, President Barack Obama told the story of a child of migrant farm workers who worked the fields in Avondale and now is mayor in an office

The President 'stepped in it' several times tonight. Once again, he told us Social Security and Veterans check would not go out. He called on you to ligh

…a speech at the National Council of La Raza's annual conference in Washington D.C. Monday, President Barack Obama told the story of a child of migrant farm workers who worked the fields in Avondale and now is mayor in an office

Following Obama's speech the “kiwi” reached a new high of dollar $0.8705. The greenback weakened to Sg dollar 1.2044 from Sg dollar 1.2081 on Monday, to 1051.50 South Korean won from 1055.00 and to Tw dollar 28.79 from Tw dollar 28.84.

President Obama will make a speech on the matter later this evening. The Dow Jones closed down 88 at 12592, the S&P 500 closed 7 lower at 1337 and the NASDAQ finished off 16 at 2842. Despite having their own problems to deal with, US markets also have