Calamos Supports Greece

US Economy

Fitch Downgrades US Credit Rating, Warns of Mild Recession

Credit agency Fitch has downgraded the US government's credit rating following what it called a "steady deterioration" in governance over the last twenty years. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top...

US Congress Approves Debt Deal, Averting Default

The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on its debt. The bipartisan measure sped through the Senate by a vote of 63-36, a day...

U.S. Media Giants Announce Staff Layoffs Amid Grim Economic Climate

Several large media corporations in the US, including CNN, Vox, BuzzFeed, and The Washington Post, have announced that they will lay off significant numbers of staff. Journalists across the country could be facing unemployment in what increasingly appears to be...

US Fed Interest Rate Hike is Highest in Nearly 30 Years

The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...

United States Jobs Increase by 850,000 in June as Nation Reopens

Despite the unemployment rate rising to 5.9%, United States jobs increased by a whopping 850,000 in June, showing a strong rebound.

Calamos CEO John Koudounis: “Capital Gains Tax Fuels Economic Uncertainty”

Calamos CEO John Koudounis appeared on Fox Business discussing the drawbacks of hiking capital gains tax to 43.4%.

US Economy Surges Ahead by 6.4% in First Quarter of 2021

Fueled by pent-up consumer desires, the American economy grew at an amazing 6.4% annually in the last quarter.

USA Reaches Greek Crisis Levels of Public Debt

The U.S. is reaching the level of public debt recorded in Greece during the black days of the financial crisis that led to bailout programs.

White House Is Willing to Become Mediator Between Greece and EU

In an indirect intervention in favor of Greece, in the dispute with the Europeans, proceeded earlier today the White House, during the daily press briefing. According to Washington-based Greek journalist Michalis Ignatiou, the White House intents to assume the role...