Debt deal is still not for sure.

The Democratic-led Senate is expected to pass the deal which raises the debt ceiling and cuts about $2.4 trillion from the deficit over the next decade.

But it may face tougher opposition in the House of Representatives where both conservative Tea Party supporters and liberal lawmakers have expressed dissatisfaction with the agreement.

While the deal comes just in time to avoid a catastrophic default, Washington and investors will be closely watching to see if it goes far enough to convince credit rating agencies to let the United States keep its coveted triple-A credit rating.

Standard & Poor's has been the t...

A market meltdown?

Debt ceiling situation might be a catalyst for a great downturn but a limited upside growth.With Europe in on the brink of a Euro crisis,a downgrade in US debt rating will have catastrophic consequenc...