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Credit Downgrade

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 ...

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...

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 FreeScore.com 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

HuffingtonPost.com | 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
Jonathan_Miller

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 the U...

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 the ...

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 a Re...

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 ...