Barack Obama

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At the eleventh hour the US Senate compromised to pass a bill, raising the debt ceiling and re-opening the government. The raise of the debt ceiling until early next year is a short term fix, for a much larger issue. The US government spends more each month than it raises in taxes, with the difference funded through debt. The political stalemate has meant the US government has had to shut down some services, as it neared running out of cash and being unable to meet its debt requirement…

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President Barack Obama announced on Wednesday that he has officially nominated Janet Yellen to be the next Chairman of the Federal Reserve. Current Chairman Ben Bernanke finishes his term on January 31st 2014, with the successor undertaking a tall order. Bernanke has focused on ultra-loose monetary policy to help boost the US economy with job creation being the catalyst to begin tapering. Yellen is seen by the market as Dovish and is expected that she will move forward in the same dire…

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Today we enter the second week of the US government shutdown as the political stalemate continues, and the debt ceiling limit approaches. It is estimated that the US will be unable to meet their bills on roughly the 17th October, at which point, if the debt ceiling has not been increased, the US would default on their debt. The current debt ceiling is currently capped at $16.699 trillion, which the current Democrat government is attempting to raise. The Republican Party, (primarily the…

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It may seem farfetched, but due to political deadlock in the US, the government has been unable to agree an increase to the debt ceiling, forcing the non-essential government employees to cease working. As the 3rd quarter begins, the US has been unable to agree an increase in the borrowing limit to fund the government’s expenditure. President Obama addressed the nation, making it clear than the government will not be held to ransom over Obamacare, and that these bills have been p…

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**Barack Obama has been re-elected for a second term as the President of the United States** Headlines BATS Chi-X applied to the FSA to become a fully-fledged stock exchange Citigroup in its quarterly filing, disclosed the Monetrary Authority of Singapore has launched a Libor enquiry - WSJ Hedge funds have bet millions against the British High Street - The Daily Telegraph RBNZ Financial Stability Report says further NZD strengthening possible, and Homes are ov…

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US voters are in the final stretch of on the most expensive Presidential campaigns in history. Barack Obama and Mitt Romney were campaigning up until the final hours in some of the key swing states and voters will be marking their ballots today. There will be exit poll indications of the result most likely from the close in Europe. However the Obama’s lead is believed to be marginal and exit polls are only an indication. Analysts have written various notes on the potential market…

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The US Presidential election is in its final day of campaigning, postal votes are in and ballot votes will be done tomorrow. Considering I live in London, and haven’t visited the US since the campaigning began, somehow I feel overwhelmed by coverage. I watched the last election with an American friend and it was a milestone for US politics to elect Barack Obama. His term in office can be summed up in one quote of a previous US President“It’s the economy, stupid” (Bill…

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