Executives of major banks on Wall Street, including Goldman Sachs and JPMorgan, will meet Wednesday with President Barack Obama to discuss the negotiations impasse in Congress on the federal budget and the debt limit in the U.S., according to Bloomberg. White House ordered a partial shutdown of U.S. federal agencies work Monday shortly before midnight, […]
US Budget 2014 Has Not Been Voted and America Goes in Technical Bankruptcy
For the first time in two decades, the U.S. federal government will be partially closed from Tuesday after Republicans in Congress rejected two draft laws submitted by the House of Representatives. Once in “technically bankrupt” U.S. Government will be obliged to make payments of emergency only, but most state institutions will be closed, their salaries […]