Debt Downgrade News
Americans Face Federal Government Shutdown
Both parties stand their ground in the battle over debt ceiling and Obamacare.
'This Week' Fiscal Cliff Panel
Sen. Tom Coburn, Sen. Debbie Stabenow, Rep. Jeb Hensarling, Rep. Raúl M. Grijalva.
'This Week' Transcript: Two Powerhouse Roundtables
Roundtables of elected officials and political experts debate on "This Week."
Moody's Warns of US Debt Downgrade
Major credit rating agency Moody’s warned today that it may downgrade the U.S. credit rating if the government fails to figure out a way to avoid the so-called fiscal cliff at the end of the year. Credit rating agencies last year issued similar warnings when...
Six Nation Debt Downgrade : Morning Business Memo
Another mass downgrade for European government ratings is a reminder the region’s debt problems are far from over. Moody’s slapped downgrades on six nations, including Italy and Spain. The firm warned Britain, France and Austria they could see their ratings cut in the future. Government...
The State of the Economy By the Numbers
As President Barack Obama prepares for the annual State of the Union address, here are some important economic numbers to keep in mind: JOBS The Unemployment rate in December 2011 was 8.5 percent, lower than 9.4 percent a year ago. There were 5.6 million people...
The S&P and the EU: Timing is Everything
In keeping with a tradition firmly established in the 20th century, Europe suffered a late-night bombing raid on Friday evening. This time the attacker was Standard & Poor's , everybody's favorite rating agency, which announced well after the markets closed in New York it was downgrading the debt
Merrill Lynch Warns of Another U.S. Debt Downgrade
The United States is in for another credit downgrade by year’s end if Congress fails to agree on a long-term plan to tame the nation’s $14.8 trillion deficit, Merrill Lynch warned. In a research note, the Bank of America unit predicts that either Moody’s or Fitch...
Smartphones Changing the Way You Pay
Millions of Americans could see big changes soon in how they get cash, pay bills and manage their money, according to a spate of recent reports by researchers. The biggest and fastest change will happen in regards to the use of mobile phones to pay bills. According to a report published last week
Markets Wipe Out Last Week's Losses
The three major stock market indices in the United States today recouped losses from last week's volatility , but investors are waiting to see if gains will continue during the week. Stocks gained after relatively weak economic data in the past week and Standard & Poor's U.S. debt downgrade more