Must-Read News – 9/16/2011 – S&P’s Chambers Sees 1-in-3 Chance of Another US Credit Downgrade

Just headlines:

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  1. U.S. Political Process Is Weaker Than AAA Nation’s, S&P Says
  2. S&P’s Chambers Sees One-in-Three Chance of Another U.S. Credit Downgrade
  3. GCC single currency on track: Saudi central bank
  4. Stark Says ECB Will Provide Extra Liquidity as Long as Needed
  5. Japan Tax Panel Calls For Y11.2 Tln Tax Hike
  6. Revenue forecast: WA state facing $1.3B shortfall
  7. Portugal Finds Billion-Dollar Hole .
  8. China’s outstanding foreign debt climbs to $642.5b
  9. Spanish Regions’ Debt Surges to a Record, Bank of Spain Says
  10. Local Government Debt Is China’s Subprime
  11. National debt audit results are ‘truly frightening’, says researcher (Ireland)
  12. UC Regents say system faces $2.5 billion deficit over next four years
  13. BofA Said to Keep Bankruptcy as Option for Countrywide Unit
  14. Trenton bracing for deep police layoffs (“Nearly one-third of the police force”)
  15. Hundreds Of County Workers Possibly Facing Layoffs On Long Island (“As many as 1,400 workers”)
  16. Decision on Greek loan payout delayed to October
  17. BOJ’s Shirai Leaves All Options Open as Overseas Economies Slow
  18. Dollar Funding Fix by Global Central Banks Leads to Next-Day Rise in Costs
  19. Euro Weakens on Concern That Ministers’ Actions Won’t Contain Debt Crisis
  20. Greek Crisis Threatens EU, And Perhaps US (NPR)



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