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S&P Hits Record High

Reuters | Posted 09.18.2013 | Business

NEW YORK, Sept 18 (Reuters) - The S&P 500 index hit a record high on Wednesday after the Federal Reserve said it would continue buying bonds at an $85...

S&P Slams Government Lawsuit

AP | By SARAH SKIDMORE SELL | Posted 11.03.2013 | Business

Standard & Poor's says the U.S. government sued the rating agency as "retaliation" for its downgrade of the country's credit rating. Th...

Hey, Remember That Time Standard & Poor's Downgraded The Whole Country?

AP | PAUL WISEMAN | Posted 10.05.2012 | Business

WASHINGTON (AP) — The rating agency Standard & Poor's stunned the world a year ago by stripping the U.S. government of its prized AAA bond ratin...

The Downgrades: Forget the 1%. It's the 9%, Stupid!

Adam Levin | Posted 08.27.2012 | Politics
Adam Levin

The downgrades in the credit ratings of major banks mean very little to the average consumer, but the downgrade in the credibility of Congress and the mess we have made of our financial regulatory structure should give us all pause.

Bad News For Spanish Banks

Reuters | Posted 07.25.2012 | Business

(Adds details and background) NEW YORK, May 25 (Reuters) - Ratings agency Standard & Poor's cut the ratings on five Spanish banks ...

S&P Downgrades Eurozone Bailout

AP | GABRIELE STEINHAUSER | Posted 03.17.2012 | Business

BRUSSELS — Rating agency Standard & Poor's said Monday it has downgraded the creditworthiness of the eurozone's rescue fund by one notch to AA+,...

Sarkozy Uses Downgrade To Rally France..Without Mentioning It

AP | Posted 01.15.2012 | Business

AMBOISE, France -- French President Nicolas Sarkozy says France must have the courage and calmness to make difficult decisions to overcome the financi...

Merkel: Mass Eurozone Downgrade Highlights Need For Strong 'Fiscal Compact'

Reuters | Posted 03.16.2012 | Business

* Leaders see downgrades as wake-up call * Italy seen as problem child number one * Merkel says decision should not impe...

Bonnie Kavoussi

S&P Downgrades France And Italy As Investors Avoid Eurozone | Bonnie Kavoussi | Posted 01.14.2012 | Business

Standard & Poor's Ratings Services slashed the credit ratings of nine eurozone countries on Friday, marking a deterioration in confidence in the troub...

S&P Likely To Downgrade Much Of Eurozone

AP | By SARAH DiLORENZO | Posted 01.13.2012 | Business

PARIS -- Mounting speculation that a leading credit agency is to imminently downgrade the ratings of a number of eurozone countries drove global marke...

Sears' Real Problems Caught on Camera by Retail Expert

Grant Cardone | Posted 02.28.2012 | Business
Grant Cardone

Sears' failing sales is being blamed on the economy, but the reality is shoddy stores, poor customer service, no leadership and no attention to sales ...

German Chancellor Minimizes Possible S&P Downgrade

AP | DAVID RISING and SARAH DiLORENZO | Posted 02.05.2012 | Business

BERLIN — Plans by France and Germany to save the euro through closer European unity faced a serious challenge Tuesday from Britain, as deep divi...

S&P Downgrades Big Banks

AP | EILEEN AJ CONNELLY | Posted 01.29.2012 | Business

NEW YORK — Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including t...

S&P Reportedly Met With Bond Investors Before U.S. Downgrade

Posted 11.07.2011 | Business

Ratings agency Standard & Poor's officials privately met with large bond investors weeks before the firm's U.S. debt downgrade, leaving some belie...

The Fed's Paralysis -- Who Will Do the Right Thing?

Harlan Green | Posted 10.31.2011 | Business
Harlan Green

Why so much emphasis on debt, rather than recovery? It is because of timidity on all sides, from the White House and Congress.

Congressman Ryan: Apologize Now About the US Being the Next Greece

Warren Mosler | Posted 10.17.2011 | Politics
Warren Mosler

Congressman Ryan's response to President Obama's State of the Union address included something we've all heard a lot of ever since. He warned along t...

Jason Linkins

Obama Is Beseeched To Call Congress Back From Recess, Despite The Fact Americans Have No Faith In Congress | Jason Linkins | Posted 10.11.2011 | Politics

S&P downgraded the U.S. credit rating, the Dow has been pitching around as if it were the Coney Island Cyclone and millions of Americans are unemployed. Someone should do something! So why not the Congress -- who have famously done nothing?

Austerity: The Wrong Prescription

C. Robert Gibson | Posted 10.11.2011 | Politics
C. Robert Gibson

While Republicans and the corporate media bemoan the growing federal debt as our most pressing crisis, very few commentators have mentioned the necessity of addressing America's most crucial deficit -- jobs.

Jason Linkins

WATCH: S&P Downgrade Gives Media A 'Wake Up Call' About The Terrible Economy | Jason Linkins | Posted 10.09.2011 | Media

Ordinary people in America have probably noticed that over the past three years, the economy has been, for the lack of a better term, "FUBAR." Even if...

After the Downgrade: Declining Blame, Assigning Blame

Rick Horowitz | Posted 10.09.2011 | Comedy
Rick Horowitz

It happened on his watch! It happened on his watch! For events so consequential, Guilt is wholly presidential, And we're here to say It happened...

GOP Presidential Candidates Slam Obama On Hot Issue

AP | By BETH FOUHY | Posted 10.09.2011 | Politics

NEW YORK -- The 2012 Republican presidential contenders have roundly criticized President Barack Obama for economic policies they contend helped drive...

Don't Panic: The U.S. Credit Downgrade Changes Nothing

Jeff Reeves | Posted 10.07.2011 | Business
Jeff Reeves

Now that the inevitable has happened, what does it mean for the market and for regular Americans with 401ks and IRAs? Interestingly enough, not much.

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 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.

Wow, What a Week!

Lydia Fisher | Posted 10.06.2011 | Business
Lydia Fisher

It remains to be seen how the markets will adjust to the S&P downgrade, whether our creditors will demand higher rates. For now, matters "across the pond" appear worse.