Gross calls U.S. budget a Greek tragedy

Bond manager Bill Gross says he is "confident" the United States will effectively default on its debt unless Congress takes an ax to retirement and healthcare spending. Gross runs Pimco, the $1.2 trillion investment manager that has spent recent months selling Treasury bonds, citing their low yields and poor prospects. He explains in his monthly [...]

Source: http://finance.fortune.cnn.com/2011/03/31/gross-calls-u-s-budget-a-greek-tragedy/

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