World financial markets tumble on news of debt supercommittee’s stalemate

Washington Post by Neil Irwin | Nov. 21, 2011 (News Report)

World financial markets tumbled Monday, as there were no new signs of resolution to Europe’s in­trac­table crisis and as the U.S. debt supercommittee failed to reach agreement on a deficit reduction plan.

The Dow Jones industrial average closed down 245 points, or 2.1 percent and the broader Standard & Poor’s 500-stock index was down 1.9 percent. Global markets were down even more, with the German Dax index off 3.4 percent and French and ... Full Story »

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Subjects: World, U.S., Politics, Business
Topics: Global Economy, U.S. Congress, U.S. Economy, Finance, Deficit, National Debt
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Posted by: Posted by Fabrice Florin - Nov 21, 2011 - 2:34 PM PST
Reviewed by: Fabrice Florin (review)
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Edited by: Fabrice Florin - Nov 21, 2011 - 2:35 PM PST
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 by Fabrice Florin - Nov. 21, 2011
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