Nobel Prize-winning economist Paul Krugman says the debt ceiling deal is a bad one, and that more stimulus — not cutbacks — is needed from the government. Krugman tells Bloomberg…
Tag: debt ceiling
El-Erian: Debt Deal Should Lift Markets, but Downgrade Still Possible
PIMCO CEO Mohamed El-Erian says that if passed, the proposed debt ceiling compromise should be enough to lift markets across the globe. “This two step agreement is sufficient to lift…
Doll on the Debt Ceiling's Impact on His Portfolio
Blackrock Chief Equity Analyst Bob Doll says he hasn’t sold any stocks because of the debt ceiling imbroglio, and he expects a deal will get done. “We’re going to have…
Pass Debt Ceiling and Start Jobs Agency, Gross Says
PIMCO’s Bill Gross says the U.S. needs to pass debt ceiling legislation, and develop a government-directed investment bank that helps put people to work. “It’s what’s required during periods of…