Sen. Grassley: US Teeters on Brink of Fiscal Armageddon
November 9 — Sen. Charles Grassley tells Newsmax in an exclusive interview that the United States faces fiscal Armageddon because of the mammoth and growing national debt.
The Iowa Republican's comments on the country’s economic plight resonate on a day when Europe’s debt crisis dragged the Dow Jones Industrial Average down 389 points. Also Wednesday, the S&P 500 lost 3.7 percent, its biggest one-day drop since August, after Italy's borrowing costs soared and talks collapsed in Greece on forming a new government. Read more and watch the video.
