External Debt and Public Debt as % of GDP, by country

In the United States, a highly controversial issue right now is the debt ceiling limit.

The current debt ceiling of the US, set by law, is $14.3 trillion. According to the United States Treasury, this limit was reached in May 2011 and, if the limit is not raised, the US could fulfill all its obligations only until August 2, 2011 — less than a week from now.

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Franchising: a great wealth-builder

More and more Filipinos are turning to entrepreneurship to grow their wealth. According to the Philippine Franchise Association (PFA), the franchise industry has shown an outstanding growth—from 50 franchises in the 1990s to over a thousand today.

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