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The next test of international confidence in the country will come early this summer. The state will need to raise more money in early June, when 766million of government debt comes up for renewal.

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The Economist has a cheery new nickname for the US: "the Unsteady States of America." In an editorial that accompanies a cover story on Detroit's bankruptcy, the editors argue that other cities and states will make a huge mistake if they dismiss this warning.

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Western sanctions have taken an estimated one million barrels per day of Iranian loans by phone crude off the oil market, and oil prices have reacted to the prospects of an easing of these sanctions.While Senator Crapo acknowledged that the CFPB claims it is not collecting personally loans by phone identifiable financial information on consumers, he maintained that the scope of its data collection process could lead to that.

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Norway is the seventh-largest oil exporter, and the recent higher prices have caused a surge in the governments oil revenues. Norways central bank is predicted to sell an average of 727 million Norwegian kroner a day for the rest of the year, up from 350 million in May?