Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Scariest Business Stories of 2011

By Venessa Wong - 2011-11-02T17:07:00Z

Photograph by Alex Wong/Pool

Company Symbol % Change
7 of 22

Debt Ceiling Standoff

When: July
What: America held its breath as a divided Congress refused to reach agreement on raising the U.S. debt ceiling as an Aug. 2 deadline crept closer. Treasury Secretary Timothy Geithner warned of catastrophic consequences if the nation defaulted on its debt. The U.S. had reached its $14.3 trillion debt limit in May, and Geithner had extended the deadline for raising the ceiling by three weeks. An agreement was reached on Jul. 31.

Advertisement