US Default

Credit Rating Agencies Not The Best At Predicting Sovereign Defaults

The Huffington Post | Alexander Eichler | Posted 10.12.2011

Read More: Fitch Ratings, National Default, Credit Downgrade, Default, Debt Default, Subprime Mortgage Crisis, Financial Crisis, Standard & Poor's, Credit Rating Agencies, Credit Rating, U.S. Credit Downgrade, U.S. Default, Moody's, Business News

Markets plunged this week after Standard & Poor’s downgraded the United States’ sovereign credit rating. But if history is any guide, the pronounc...

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Udall, Bennet Voice Criticism Of Bill To Avoid Default

The Huffington Post | Matt Ferner | Posted 10.03.2011

Read More: Mark Udall, Deficit, Debt Ceiling, Federal Budget Deficit, Denver News, Budget Cuts, Michael Bennet, Denver Colorado, U.S. Default, Denver News

Sens. Mark Udall (D-CO) and Michael Bennet (D-CO) voted for the bill to prevent a government default and lift the debt ceiling, but both are voicing c...

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Moody's: U.S. Will Keep Top Credit Rating

Posted 10.02.2011

Read More: Credit Rating, U.S. Default, Debt Ceiling Deal, Moody's, Business News

(Updates with more detail from Moody's) NEW YORK (Reuters) - Moody's Investors Service Tuesday confirmed its Aaa rating of the United States, c...

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Debt Ceiling Deal Not Such A Deal For Graduate Students

CNN Money | Jennifer Liberto | Posted 10.02.2011

Read More: Institute for College Access & Success, Graduate Students, Congress, Spending Cuts, Great Recession, Economic Recovery, Student Loans, U.S. Default, Pell Grants, Senate Majority Leader Harry Reid, Debt Ceiling Deal, Business News

WASHINGTON (CNNMoney) -- Some students will start owing more on their loans while they're in school under a last-minute debt ceiling deal to keep the ...

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

Posted 10.02.2011

Read More: Congress, U.S. Senate, Credit Downgrade, U.S. Treasury Secretary Timothy Geithner, Double-Dip Recession, President Barack Obama, Standard & Poor's, ABC News, Credit Rating, U.S. Default, Video, Business News

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

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Tea Party's War on America

New York Times | JOE NOCERA | Posted 10.02.2011

Read More: U.S. Debt Crisis, Great Recession, President Barack Obama, Fox News, Economic Recovery, Federal Spending, Credit Rating, Tea Party, U.S. Default, Debt Ceiling Deal, Republicans, John Boehner Speaker of the House, Business News

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransig...

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U.S. Cities Spending The Most On Health Care

The Huffington Post | Harry Bradford | Posted 10.01.2011

Read More: Kaiser Family Health Foundation, The Dartmouth Atlas of Health Care, Washington D.C., Debt Ceilling, Medicare, Medicaid, Medicine, U.S. Default, Health Care, New York, bundle.com, Business News

In a country with a seemingly endless rise in medical costs, figuring out why certain cities are particularly prone to spending more on health care ca...

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Michael McAuliff

Debt Ceiling Deal That Cuts Trillions, Creates 'Super Congress' Announced By Party Leaders

HuffingtonPost.com | Michael McAuliff | Posted 09.30.2011

Read More: Super Congress, Deficit, Debt, Debt Ceiling, Spending Cuts, Military Spending, Tax Cuts, 112th Congress, Medicare, Medicaid, Defense Spending, Debt Ceiling Deal, US Default, Politics News

WASHINGTON -- Congressional leaders and President Obama on Sunday night announced they've cut a deal to avert a historic U.S. default, saying they hav...

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America Will Avoid Default But There's A Lot More to Do

Mohamed A. El-Erian | Posted 09.30.2011

Read More: Default America, Debt Ceiling Default, Debt Limit, Debt Ceiling, U.S. Default, Obama Debt Ceiling, Debt Default, Politics News
Mohamed A. El-Erian

Rather than declare victory, Washington should waste no time in redoubling efforts to remove the multiple policy uncertainties and structural impediments that stand in the way of restoring America on the path of high growth and plentiful job creation.

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11 Ways To Explain The Stakes Of A Debt Ceiling Debate

The Huffington Post | James Sunshine | Posted 09.29.2011

Read More: Debt Ceiling, Wall Street, Jpmorgan, Debt Limit, US Debt, Warren Buffett, 112th Congress, Jamie Dimon, Timothy Geithner, Barack Obama, US Default, Rick Perry, Business News

With the reported deadline to raise the debt ceiling drawing ever closer, Washington has yet to come to terms on a deal to do so -- this despite month...

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Unconstitutional Debt Ceiling: Grandma Bondholder's Emergency Lawsuit If Obama Does Not Invoke 14th Amendment

Victor Williams | Posted 07.29.2011

Read More: Debt Ceiling, Obama 14th Amendment, Geithner Plan, US Default, Robert Harding, August Deadline, Politics News
Victor Williams

The existence of a debt ceiling questions the validity of our Republic's debts; it presupposes that Congress will continue to overdraft. A debt ceiling is unconstitutional and its effect a legal nullity.

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World Bank Chief: U.S. 'Playing With Fire' In Debt Ceiling Debate

Posted 09.28.2011

Read More: 2008 Financial Crisis, Robert Zoellick, Debt Ceiling, John Boehner, World Bank, Debt Limit, US Debt, US, US Default, Barack Obama, Video, Business News

WASHINGTON (Lesley Wroughton) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt l...

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Fed Will Provide Banks With Guidance If Country Defaults

Posted 09.27.2011

Read More: Treasury Department, Congress, Debt Ceiling, President Barack Obama, Office of the Comptroller of the Currency, FTN Financial, Fed Chairman Ben Bernanke, Federal Reserve, Credit Rating, U.S. Default, Stone & McCarthy, Philadelphia Federal Reserve Bank, Barbara Hagenbaugh, Business News

(Mark Felsenthal) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the...

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Congress Needs to Do Its Job: Pay America's Bills, Put Americans Back to Work

Heather McGhee | Posted 09.26.2011

Read More: Deficit, Federal Deficit, Debt Ceiling, Affordable Care Act, Government Default, Republicans Debt Ceiling, Debt Ceiling Talks, Federal Government Default, Gop Debt Ceiling, U.S. Default, Debt Ceiling Obama, Debt Ceiling Republicans, Obama Debt Ceiling, Debt Ceiling Debate, Politics News
Heather McGhee

Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.

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S&P Analysts Believe U.S. Will Not Default

MarketWatch | Robert Schroeder | Posted 09.26.2011

Read More: White House, House Financial Services, Ratings Agency, Debt Ceiling, Default, Deven Sharma, Deficit Reduction, Washington DC, Credit Rating, S&P, US Default, Business News

WASHINGTON (MarketWatch) -- Analysts for Standard & Poor's don't believe the U.S. will default on its obligations, the rating agency's president, Deve...

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Prioritizing Debt Payments Would Be 'Deeply Disruptive, S&P Says

Posted 09.26.2011

Read More: U.S. Debt, Congress, Debt Ceiling, John Boehner, Cnbc, President Barack Obama, Debt Limit, Standard & Poor's, U.S. Credit Rating, U.S. Default, Business News

Prioritizing U.S. debt payments to avoid a default would be "deeply disruptive" to the economy, Standard & Poor's global head of sovereign ratings...

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How A Ratings Downgrade Would Affect American Life

The New York Times | Tara Siegel Bernard | Posted 09.26.2011

Read More: Debt Ceiling, Debt Limit Debate, Great Recession, Debt Limit, US Debt, US Downgrade, 112th Congress, New York Times, Timothy Geithner, Barack Obama, US Default, Business News

This is not yet one of those stuff-your-money-in-a-mattress moments. Still, the talk in Washington of a federal budget crisis and possible default ...

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U.S. Credit Rating Downgrade Looking Likely Even If Debt Ceiling Deal Is Reached

AP | AP Business Writer | Posted 09.25.2011

Read More: Video, Moody's Investors Service, U.S. Debt, Debt Ceiling, Standard and Poor's, Jpmorgan, Debt Limit, U.S. Default, AAA Rating, U.S. Credit Rating, Moody's, Business News

NEW YORK -- Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly sa...

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Why The U.S. Won't Default On August 2

Time | ZACHARY KARABELL | Posted 09.25.2011

Read More: Treasury Department, Speaker John Boehner, Congress, Senate, Social Security, Debt Ceiling, President Barack Obama, Default Crisis, Medicare, Medicaid, U.S Default, Democrats, Republicans, Business News

The only thing that matters for global markets over the coming days is whether a deal can be struck in Washington over the debt ceiling. That said, th...

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The Debt Titanic

Stuart Diamond | Posted 09.25.2011

Read More: Debt, National Debt, Debt Ceiling, Barack Obama, John Boehner Debt Ceiling, John Boehner, US Default, Politics News
Stuart Diamond

Almost any agreement at a deadline is not a good one, as creativity and information processing plummet. Republicans and Democrats trying to reach a spending agreement are essentially rearranging deck chairs on the Titanic.

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9 Reasons Why Not Reaching a Debt Deal Is Good For My Small Business

Gene Marks | Posted 09.25.2011

Read More: Deficit, Small Business, Debt Ceiling, Debt Dafault, Debt Default, US Government Default, Debt Deal, Gop Debt Deal Boehner Debt Deal, US Default, Debt Ceiling Deal, Comedy News
Gene Marks

Higher interest rates means I can start earning more than the .0005% annual interest that I'm now getting on my savings account, allowing me to afford a few of the finer things in life. Honey, get your pocketbook: we're going to Pizza Hut... in six months.

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Why We Don't Need The Debt Ceiling

New Yorker | James Surowiecki | Posted 09.25.2011

Read More: Subprime Meltdown, Treasury Department, Congress, Japan Earthquake, Debt Ceiling, President Barack Obama, Great Recession, Economic Crisis, Oil Prices, Eurozone Debt Crisis, U.S. Default, Business News

In the past few years, the U.S. economy has been beset by the subprime meltdown, skyrocketing oil prices, the Eurozone debt crisis, and even the Tohok...

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Republican Debt Ceiling Tactics Hold National Interest Hostage

Peter S. Goodman | Posted 09.24.2011

Read More: Tarp, Iraq War, Deficit, Debt Ceiling, War on Terror, Default, Afghanistan, Terrorism, Debt Limit, u.s. Deficits, Global War on Terror, U.S. Default, Business News
Peter S. Goodman

In any reasonable negotiation, both sides can assume that certain outcomes can safely be ruled out, chief among them the possibility that one party wi...

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IMF: U.S. Must Quickly Raise Debt Ceiling, Impose Deficit Reduction

Posted 09.24.2011

Read More: United States Debt Ceiling, US Economy, Debt Default, America Debt Ceiling, Obama Administration, Imf, Imf US Deficit, Imf Debt Ceiling, International Moneary Fund, US Default, Business News

The International Monetary Fund warned on Monday the United States must raise the debt ceiling quickly and get its debts under control for the sak...

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U.S. Inches Closer To Downgrade With No Debt Ceiling Deal In Sight

Posted 09.24.2011

Read More: U.S. Debt, Congress, Debt Crisis, Budget Deal, Debt Ceiling, Deficit-Reduction, President Barack Obama, Standard & Poor's, Credit Rating, Fitch, U.S. Default, Tea Party, Citigroup, Moody's, Business News

(Walter Brandimarte) - The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a political impasse i...

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