Economists warn on US debt crisis
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US consumers' debts are an "accident waiting to happen", a leading economist  warns.
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India should escape major fallout from the US subprime credit turmoil thanks to its largely insulated economy but the country&#39;s outsourcing sector has cause for concern, economists said.
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The crisis in the US housing market risks spreading to the whole of the nation&#39;s economy, European Central Bank chief Jean-Claude Trichet said Monday on behalf of world central bankers.
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US Federal Reserve (Fed) Chairman Alan Greenspan said Tuesday the record level of debt being carried by US households does not appear to represent a serious threat to the US economy.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.
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The US budget deficit will balloon to a cumulative $2.29 trillion over the next decade, congressional analysts said on Tuesday, a worse outlook than previously
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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The US Federal Reserve minutes say there is a risk of a situation that will require 'substantial' rate cuts.
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The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
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The US is set to rack up an even bigger budget deficit than first thought over the next decade, officials say.
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The US sub-prime loan crisis may push up UK mortgage rates, a former Bank of England adviser warns.
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The US housing downturn may have serious financial repercussions, experts warn, hitting investment funds linked to sub-prime lending.
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The possibility of a further slide in the dollar and a decline in demand for US assets has become one of the potential risks to financial stability, the Bank of England said in its semi-annual Financial Stability Review.
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BRUSSELS, Belgiumââ A top European Union official urged the United States on Monday to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle EuropeÂ´s fledgling economic recovery.
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Some suggest that excess liquidity could threaten the world's economy.
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A top European Union official Monday urged the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
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The United States could face a prolonged economic downturn because of its subprime mortgage woes, but is unlikely to plunge into a recession, Nobel economics laureate Joseph Stiglitz said yesterday.