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Chinese Property Giant Evergrande s Debt Fears, Ongoing Gaming Market Shake-Up
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the big story in washington and wall street this morn sg the united states will reach their debt limit of borrowing authority. the treasury secretary said unless congress racing the debt ceiling, the country will only be able to save the cash we have on hand. $16.699 trillion is a level republicans say we are not going to keep borrowing and borrowing. we are going to start living within our means. lew says congress should act to protect america s good credit well before risk of default. a combination of debt fears, intention of the situation in syria sent stocks lower on monday. it was the 12th down day in a month. it s the longest losing streak since august. ladies, there s a bright spot. average 401(k) balances up 10% in the second quarter.
as search and rescue attempts continue, the focus moves 0en to who is to blame for the sinking of a giant ocean liner off the italian coast. and we ll tell you which production houses is big at the golden globes and what these awards tell us about the upcoming oscar ceremonies. first up, though, if the new year promised a new europe, well, some people could be disappointed. standard & poors last week had other ideas completely. to nobody s great surprise, this particular influential company decided to downgrade the credit scores of nine countries across the euro zone on friday. these particular downgrades apply to a large swath of central and southern europe. it is this country in the center here, france, that is commanding all the headlines today. this after france lost its treasured aaa rating. that in turn, some economists say could undermine the a aa rating of the total esfs. one country as well that s hitting the headlines, one country that will ill afford any more b
i m really overwhelmed right now. interviewing the pilot to try to i was looking down from the get some answers about what airplane and it seemed like everything wasn t real. happened yesterday. jason carroll, thanks so much. the woman who died, that was to what s important for me to say be a part of her 40th birthday is just thank you to everyone celebration who has believed in me who has still ahead a wisconsin man trying to figure out why governor rick perry s office defended me, who has supported my family. deletes its e-mails after 70 days. he s wondering if perry s got secrets. i just want my family is the my name is robin. most important thing to me right now and i just want to go and be with them. so, thank you for being there for me. cnn s drew griffin was there. this was a very emotional moment for her and her supporters wasn t it, drew? yeah, it was. i think, you know, after hearing that statement again, fred, you could hear in her voice just how unprepar
amanda knox sentenced to 26 years in prison for killing her roommate. the defense claims dna evidence used to convict knox is unreliable. the prosecution says independent experts ignored other key evidence, which reports that knox said in a letter she was worried but that she was thinking of what she would do once she was back in the u.s. after more than two years in iranian prison two freed american are calling their trial on charges of spying a sham. josh fattal and shane bauer say they were hostages. fattal, bauer and fellow hiker sarah shourd were arrested in 2009 when they crossed an unmarked border with iraq. i m zain verjee. world business report starts right now. good morning from cnn london. this is world business today. the top stories this monday, september 26th. european investors are on edge after tim geithner warns the debt crisis is the most serious issue facing the global economy. in asia, investors also reached for the sell button. as european p
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