Hensarling Votes to Remove Specter of Default on Sovereign Debt

Hensarling Votes to Remove Specter of Default on Sovereign Debt
Given that interest on our national debt accounts for approximately 7 cents out of every revenue dollar, this explicit authority would be more than enough prevent a default on sovereign debt. In other words: if this legislation becomes law, the only …
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This European dictator is the bond market's best friend
But in a continent with more than its share of countries with shaky credit, it's Belarus, led by dictator Alexander Lukashenko, that has seen demand for its sovereign bonds soar in recent months, according to a report in Bloomberg. “The bonds have …
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