Recession in U.S. is possible amid debt ceiling problems

Note: This section contains information in English only.
Source: Bloomberg
Treasury of the United States has warned the country's lawmakers that consequences of inaction over U.S. budget and debt ceiling will result in recession. After October 17 the government will not be allowed to borrow any sum of money, therefore it will spend the only incoming revenues. In such the case, the government will pay all the interest on debt, but it will cut other costs, including social care. 
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Wed, 09 Oct 2013 15:31:04 GMT

Swiss National Bank will not intervene in exchange markets

The Swiss National Bank President Thomas Jordan announced on Wednesday that it is not necessary to intervene into foreign currency markets, as the franc exchange rate is stable. The Central Bank, in turn, will keep its franc-euro ceiling of 1.20. The weakening emerging economies and government crisis in the U.S. creates pressure on franc, as investors look for safe currencies

Wed, 09 Oct 2013 15:09:04 GMT

Obama is ready for negotiations if government reopens

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