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Credit Downgrade

Ke$ha Downgraded

Ted McCagg | Posted 10.09.2011 | Comedy
Ted McCagg


WATCH: Conan's Reasons Why America Is Still Awesome

Posted 10.09.2011 | Comedy

Despite cries that America's credit rating was downgraded erroneously by rating agency Standard & Poor's, nobody can deny that the national mood is le...

WATCH: Jon Stewart Calls U.S. Credit Rating Downgrade 'A Slap In The Face'

The Huffington Post | Katla McGlynn | Posted 10.09.2011 | Comedy

After a long stand off between President Obama and Congress over the debt ceiling, even reaching a compromise before the deadline couldn't stop Standa...

China, Others Will Continue To Buy Downgraded U.S. Debt

AP | JOE McDONALD | Posted 10.09.2011 | Business

BEIJING — China and other governments have little choice but to keep buying U.S. Treasury debt to store swelling foreign reserves even after Was...

Bank Of America Stock Drops 20 Percent Following $10 Billion Lawsuit

The Huffington Post | Alexander Eichler | Posted 10.08.2011 | Business

Bank of America stocks tumbled 20 percent on Monday as investors reacted in part to a $10 billion lawsuit that the insurance corporation American Inte...

Oil Hits Lowest Price Of The Year After Downgrade

AP | SANDY SHORE | Posted 10.08.2011 | Business

Oil's plunge to its lowest price of the year should provide Americans with some relief at the pump. But that may not be enough to calm their fears abo...

Upside to the Downgrade

Adam Neiman | Posted 10.08.2011 | Politics
Adam Neiman

As it is, we all have a decent chance of muddling through. Not very satisfying considering our expectations for change we could believe in. But in light of how truly rotten underlying conditions turned out to be, it could easily and always get worse.

Medicare and the Downgrade

Jared Bernstein | Posted 10.08.2011 | Politics
Jared Bernstein

If ratings agencies are going to make judgments on public health care systems, then they should do it right. An honest analysis of fiscal sustainability would point toward a larger, not smaller, role for publicly provided health coverage.

Slouching Toward a Double-Dip, for No Good Reason

Robert Reich | Posted 10.08.2011 | Business
Robert Reich

The American economy is on the verge of another recession, with all the human costs that implies. We don't have to be. That is the tragedy of our time.

Paul Krugman: 'No Reason To Take Downgrade Seriously'

New York Times | Paul Krugman | Posted 10.08.2011 | Business

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind ...

Barney Frank: U.S. Downgraded Because It Spends Too Much Being 'The Military Policemen Of The World'

AP | Posted 10.08.2011 | Politics

WASHINGTON -- The senior Democrat on the House Financial Services Committee says the biggest reason the United States is seeing its credit downgraded ...

Geithner Slams Standard & Poor's

AP | MARTIN CRUTSINGER | Posted 10.07.2011 | Business

WASHINGTON (Associated Press) — The credit rating agency Standard & Poor's showed "terrible judgment" in lowering the U.S. government's credit ratin...

Obama Adviser Points Fingers At Tea Party

AP/The Huffington Post | Posted 10.07.2011 | Politics

WASHINGTON — A top White House adviser is blaming the downgrade of the U.S. credit rating on Tea Party Republicans, whom he says were unwilling to c...

Elise Foley

S&P Officials Blame Downgrade On 'Degree Of Uncertainty' In Politics | Elise Foley | Posted 10.07.2011 | Business

WASHINGTON -- Ratings agency Standard and Poor's defended its decision to downgrade the United States credit rating, arguing on Sunday that the downgr...

Sunday Roundup

Arianna Huffington | Posted 10.06.2011 | Politics
Arianna Huffington

This week, the United States had its credit rating downgraded from AAA to AA-plus, making our nation the financial equivalent of the short, fat, bald, masked guy in those commercials. In announcing the downgrade, Standard & Poor's cited "the difficulties of bridging the gulf between the political parties" over reducing the deficit, and indicated they wanted even more spending cuts from Congress -- joining the misguided consensus that completely misses the fact that economic growth is the most powerful weapon against the deficit. The White House challenged S&P's analysis, claiming it was off by trillions of dollars. Maybe the ratings agency was using the same math it had when it helped create the fiscal crisis we are still struggling to get out of by awarding AAA ratings to trillions of dollars in subprime mortgages repackaged as securities.

S.&P. Warns More Downgrades May Come

The New York Times | By NELSON D. SCHWARTZ and ERIC DASH | Posted 10.06.2011 | Business

A day after Standard & Poor’s took the unprecedented step of downgrading the creditworthiness of the United States government, the ratings agency of...

William Alden

U.S. Credit Downgrade Darkens Economic Outlook | William Alden | Posted 10.06.2011 | Business

NEW YORK -- With the United States government now shorn of its top credit rating by Standard & Poor's, experts are increasingly worried that the Ameri...

Credit Downgrade for Dummies

Jonathan_Miller | Posted 10.06.2011 | Politics

We have not reached financial Armageddon. But unless Congress immediately begins to address our financial debt in a meaningful, bipartisan way, our economy will suffer a devastating blow.

Tim Geithner: 'Hard To Tell' If U.S. Will Avoid Credit Downgrade

Posted 10.02.2011 | Business

WASHINGTON - U.S. Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered Tuesday by t...

Answering The Big What-If Questions Of Debt Default

Posted 09.29.2011 | Business

(Lauren Young) - The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise...

Economists Say U.S. Credit Rating Will Be Downgraded: Poll

Posted 09.25.2011 | Business

(Pedro da Costa and Andy Bruce) - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to ...

Dow Jones Drops On News Of U.S. Credit Downgrade

Posted 06.18.2011 | Business

Update: The Dow Jones closed at 12,201.59, dropping 140.25 points for the day (1.14 percent). On Monday, stocks took a big hit after credit-rating ...