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The IMF said it “stands ready” to use its $1 trillion lending capacity to help countries that are struggling with the economic impact of the coronavirus.“As a first line of defense, the Fund can deploy its flexible and rapid-disbursing emergency response toolkit,” wrote Kristalina Georgieva, Managing Director of the IMF.The IMF’s announcement comes ahead of what’s expected to be another dismal day on Wall Street despite a move by the globe’s central banks to ease monetary policy. The International Monetary Fund on Monday said it “stands ready” to use its $1 trillion lending capacity to help countries around the world that are struggling with...

Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:   Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able to borrow enough money...

Report: Fed Could Be Forced Into $1 Trillion Emergency Rescue Friday, August 6, 2010 03:01 PM The U.S. economic recovery has lost so momentum that the Federal Reserve reportedly will be forced to return to “unconventional” monetary easing, which could result in a $1 trillion emergency rescue, as early as next week. Goldman Sachs Group Inc., whose economists also cut their forecasts for U.S. economic growth in 2011, said these measures could involve more asset purchases, such as Treasuries, or a more “ironclad” commitment to low short-term policy rates, according to Bloomberg. If the Fed committee decides on more asset...

Obama throws his grandchildren under the bus The CBO projects President Obama's budget will cause $1 trillion a year in deficits for a decade. That will create $10 trillion in additional national debt for our children and grandchildren to try to pay off. They will have to accept very high taxes or extreme cutbacks in government services to cope with that staggering amount. This is a shameful dereliction of our responsibilities.

'Run on UK' sees foreign investors pull $1 trillion out of the City http://www.independent.co.uk/news/business/news/run-on-uk-sees-foreign-investors-pull-1-trillion-out-of-the-city-1639413.html

Five Governors - all Democrats - are asking that the federal government provide a thousand billion dollars to the fifty states (that's a trillion dollars for those of you educated in public school) to help pay for "education, welfare and infrastructure."The Obamacratic trinity.According to New York Governor David Paterson - one of the five Governors pressing for the big T - forty-three states are running deficits totaling $100 billion (So, naturally, an extra $900 billion seems perfectly reasonable).Lookout taxpayers ... blue state grab-hands are on the way.As I have written about and lamented extensively since Bailout America hit the big...

Gross predicts $1 trillion of writedowns Mark Cobley 25 Jul 2008 One of the world's most successful bond fund managers, Bill Gross of Pimco, expects the fall-out from the US sub-prime mortgage crisis to hit $1 trillion (??35bn), in terms of the amount that will have to be written off the global financial services industry's combined balance sheet. The total suggests Gross believes the crisis has much further to run. According to the most recent total on Financial News' writedown-ometer, which is compiled from banks' results, $205bn had been written down as of June. Since then, fresh book-losses have been...

April 8, 2008 IMF warns global crunch losses to hit $1 trillion Gary Duncan, Economics Editor Losses from the credit crisis by financial institutions worldwide are set to balloon to almost $1 trillion (£500 billion) threatening to trigger severe economic fallout, the International Monetary Fund said today. In a grim assessment of the worsening situation just days before this week’s Washington talks among ministers from the Group of Seven (G7) leading economies, the IMF warns governments, central banks and regulators that they now face a crucial test to stem the turmoil. “The critical challenge now facing policymakers is to take...

For Immediate ReleaseOffice of the Press Secretary(St. Petersburg, Russia)July 15, 2006 President's Radio Address       Audio      Jobs & Economy      THE PRESIDENT: Good morning. This weekend, I am in Russia meeting with other world leaders at the G8 summit. This annual summit gives us a chance to talk about key issues facing all our nations, such as energy security and the threat of infectious diseases like avian flu. At this year's summit, we will also discuss how to promote the spread of freedom and democracy, and how our countries can work together to expand trade and prosperity for all our...