World markets decline on debt impasse
July 25th, 2011
08:00 AM ET
7 years ago

World markets decline on debt impasse

NEW YORK (CNNMoney) - Stocks around the world fell Monday, as markets reacted to news that congressional leaders and the Obama administration failed to reach agreement on a deal to raise the U.S. debt limit.

Tokyo's Nikkei 225 closed lower 0.8% at 10,050. In Hong Kong, the Hang Seng index lost 0.7%.


Filed under: • Debt • Economy
soundoff (6 Responses)
  1. Annie, Atlanta

    Mitch McConnell said the #1 goal of the Republicans was to make sure Obama was a one term president. It has now become as plain as the nose on my face that these people will absolutely destroy the global economy to make sure that happens. I don't know what we call this, terrorism, treason, sedition, or a combination of both, but they should be put on trial as enemies of the state.

    July 25, 2011 08:40 am at 8:40 am |
  2. ConservaFASCISTS/Dutch, Bad Newz, VA

    Congress needs to stop the lallygagging and raise the debt limit immediately. The stalling and politicking are affecting the markets and I'm starting to get that feeling I had in late 2008. Peoples 401k plans are gonna get hit the longer Congress takes to act.

    July 25, 2011 08:56 am at 8:56 am |
  3. Fair is Fair

    "Tokyo's Nikkei 225 closed lower 0.8% at 10,050. In Hong Kong, the Hang Seng index lost 0.7%."
    Big deal. The markets fall a LOT more than this if someone farts in a crowded room. Sensationalism much?

    July 25, 2011 09:05 am at 9:05 am |
  4. Rudy NYC

    Do those 40-50 Tea Party freshman still think that Sec'y Geitner is lying about what could happen if we do not raise the debt limit?

    July 25, 2011 09:06 am at 9:06 am |
  5. Qi

    Gee, who could have predicted this?

    July 25, 2011 09:13 am at 9:13 am |
  6. Marty, FL

    It will only get worse if legislators fail to get beyond the ideological tea nonsense. Irresponsible default would cause interest rates to rise, dollar value to fall, servicemen & women could not get paid for service to our country, etc. Enough!

    Most Americans want compromise from our representatives. Get it done now!

    July 25, 2011 09:47 am at 9:47 am |