Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
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Reid: Republican debt-limit plan a nonstarter
WASHINGTON |
WASHINGTON (Reuters) - House of Representatives Speaker John Boehner's plan to raise the debt limit to cover a few months of borrowing activity is a "nonstarter," Senate Democratic Leader Harry Reid said on Sunday.
"Speaker Boehner's plan, no matter how he tries to dress it up, is simply a short-term plan, and is therefore a non-starter in the Senate and with the president," Reid said in a prepared statement.
(Reporting by Andy Sullivan and Richard Cowan; Editing by Sandra Maler)
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