Gross Says U.S. Will Avoid ‘Catastrophic’ Default on Debt

Pacific Investment Management Co.’s Bill Gross said the U.S. will avoid a “catastrophic” default on Treasury securities if lawmakers fail to extend the debt limit on the nation’s debt.

Bond Sales to Fall 1st Time Since 2010 as U.S. Revenue Soars

Wall Street’s biggest bond dealers are starting to forecast that the U.S. Treasury will reduce the size of its debt auctions in coming months for the first time in three years as government revenue soars.

China Sovereign-wealth Fund To Get $50 Bln: Report

HONG KONG – China's sovereign-wealth fund, China Investment Corp. (CIC), has received an additional $50 billion in funding from the central government, according to a report Tuesday in the Financial Times.