Wednesday, June 29, 2011

IMF urges US lawmakers to raise $14.3 T debt limit

Christopher S. Rugaber - AP economics writer

International Monetary Funds urges US lawmakers to raise $14.3 T borrowing budget, cut deficits

http://finance.yahoo.com/news/IMF-urges-US-lawmakers-to-apf-694120406.html?x=0

A weak dollar, strengthens foreign currencies. Raising the debt limit weakens the dollar. A devalued dollar  redistributes wealth from Americans to foreign countries.
- Paul Buzby

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