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US debt crisis

August 22, 2011

The United States debt crisis has cast a shadow over the world economy for several weeks. DW-WORLD takes a closer look at the developments and their implications.

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The United States debt crisis cast a shadow over the world economy for several weeks. Though a deal was reached, the implications continue to be felt in markets around the globe. New recession worries and market havoc are making the headlines.

DW-WORLD takes a closer look at the developments in Washington and the consequences for world economies.

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Reports & Analysis

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US deal fails to impress markets

The day after the deal, stock prices have not recovered. Traders and investors are still steering clear of dollar-based assets and the price of gold has risen again. Ratings agencies may still downgrade the US.
August 2, 201101:05 min
gold bars

Gold going home

Venezuela's Chavez announces he's pulling the nation's gold reserves out of the US and Europe.
August 19, 2011
New York Stock Exchange

Crisis of confidence

Political gridlock prevents the US and EU from tackling the escalating debt crisis.
August 15, 2011
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Obama announces US debt deal

US President Barack Obama has said that Republican and Democratic leaders have reached an agreement on raising the US debt limit and averting default.
August 1, 201101:42 min
President Barack Obama

Political fallout

The US faces a domestic political crisis after its downgrade and a battered reputation abroad.
August 9, 2011
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Asian markets breathe sigh of relief

Japanese shares jumped more than one percent today as investors welcomed news of a last-minute deal to raise the US debt ceiling. However, many experts are warning that the danger of a downgrade still hasn't passed.
August 1, 201101:08 min
Chinese yuan

Emerging world struggles

In addition to the Western world, the debt crisis is threatening to affect emerging markets.
August 8, 2011
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Concerns on US Debt Crisis rise in China

Investors in China still expect Washington to resolve its debt crisis before August 2, but concern is rising. A drop in US consumption would have serious long-term consequences for Chinese companies.
July 28, 201100:51 min
The dollar

Tipping point?

Investors brace themselves for a potentially wild week on Wall Street and other major markets.
August 8, 2011
Stocks economic crisis symbol

Stock crash

Though stock markets worldwide have crashed, economists say the world's economy is still growing.
August 5, 2011
US dollar, flag

Higher ceiling

The US debt deal contains both good news and bad news for the rest of the world.
August 2, 2011
Dollar bills over American flag

Catastrophe averted

Obama signs a bill to raise the United States' debt ceiling, avoiding near financial disaster.
August 2, 2011
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