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Bond Rating Agencies

Illinois Bond Rating Downgraded As State Seeks More Borrowing

Posted 05.25.2011 | Chicago

Gov. Pat Quinn's proposed budget for fiscal year 2011 includes a mix of spending cuts, new revenues and increased borrowing. Unfortunately, that borro...

Deficit in Logic: Moody's Threatens to Downgrade the United States

Dean Baker | Posted 05.25.2011 | Home
Dean Baker

The media have been bombarding the public with scare stories about the country's "record" budget deficits. One item that is especially effective at raising fear levels is the warnings from Moody's that it may downgrade its rating of U.S. government debt.

Alchemy Lives!

Harry Shearer | Posted 05.25.2011 | Home
Harry Shearer

I may be an economic special-needs person, but there's one fact about the current credit meltdown that seems to be escaping a lot of attention.