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A Greek Default on the Cards but the Banks Aren't Listening

Gemma Godfrey | Posted 12.12.2011 | Business
Gemma Godfrey

The markets expect a Greek default and time is running out. However, banks still haven't recognized enough of this loss, highlighting the pent-up risk in the sector.

S&P Says Microsoft More Creditworthy Than U.S. Government

David Morris | Posted 10.16.2011 | Business
David Morris

U.S. corporations have come to believe their fates are no longer inextricably tied up with the fate of their country's economy. They're sorely mistaken, and we're all suffering from the consequences of their delusion.

Debt "Super Committee" Members Deadlocked on Exactly How They Will F**k Things Up

Spencer Green | Posted 10.15.2011 | Comedy
Spencer Green

"I'm sure the Super Committee will arrive at some explanation for utter failure that is ludicrous enough to be acceptable to all Americans."

Alex Becker

Biden To Pitch Debt Deal As Positive In China | Alex Becker | Posted 10.15.2011 | Politics

WASHINGTON-- The White House may have failed to get much of what it wanted out of this month's debt ceiling deal, but you wouldn't know that based on ...

Dysfunction and Downgrades: Sad Parallels

James Zogby | Posted 10.13.2011 | Politics
James Zogby

Standard & Poor's demonstrated its loss of confidence in the ability of Washington to get its financial house in order by downgrading the U.S.'s bond rating. Much the same scenario has been playing out in the U.S.'s approach to Israeli-Palestinian peace.

Credit Rating Agencies Not The Best At Predicting Sovereign Defaults

The Huffington Post | Alexander Eichler | Posted 10.12.2011 | Business

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

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...

What to Do With the U.S. Treasury Bonds Now?

Irene Aldridge | Posted 10.08.2011 | Business
Irene Aldridge

With the now-lower rating on the U.S. government debt assigned by the major rating agency, the Standard & Poors, the bonds and bills investors find themselves questioning as to what to do with their investments: how to find riskless replacements for the now-risky U.S. bonds?

FAQs on the Standard & Poor's Downgrade of the U.S. Credit Rating

Natalie Pace | Posted 10.07.2011 | Business
Natalie Pace

If Congress gets smart, goes back into negotiations immediately and comes up with a credible plan to implement budget savings of more than $4 trillion over the next 10 years, the world will have renewed faith in the its largest economy.

Top S&P Official: U.S. Has 1 In 3 Chance Of Another Downgrade

AP | Posted 10.07.2011 | Business

WASHINGTON -- A Standard & Poor's official says there is a 1 in 3 chance that the U.S. credit rating could be downgraded another notch if conditions e...

How to Think About Standard and Poor's Downgrade

Dean Baker | Posted 10.06.2011 | Business
Dean Baker

Standard and Poor's downgrade of U.S. government debt captured headlines across the country and around the world. It is a newsworthy event, but primarily as another colossal failure by a major credit rating agency.

Leaked GOP Screening Series: 10 Movies Helping Republicans Stay Bold, Agressive and Insane

Katie Halper | Posted 10.04.2011 | Comedy
Katie Halper

This is a leaked list of the ten movies the GOP is screening to make sure they stay on the offensive, as they fight for the wealthy and attack middle and working class people.

After the Debt Deal: Drifting Away on Lake Parable

Rick Horowitz | Posted 10.02.2011 | Politics
Rick Horowitz

At first, we just thought they were waving. People take those little boats out on the water all the time -- they paddle around for a while, and then t...

10 Lessons From The Debt Limit Debate

Washington Post | Barry Ritholtz | Posted 10.01.2011 | Business

The debt ceiling is hanging heavy over our heads. But that’s not the only reason it looks dark down here. We’ve got some major and prolonged chall...

Will the US Credit Rating Be Downgraded?

Dean Baker | Posted 10.01.2011 | Business
Dean Baker

Before anyone gets too excited about the risk of a downgrade, they should have an idea of what they think it means. I have yet to see anyone provide a remotely coherent explanation of what the credit rating agencies would be saying if they downgraded US government debt.

The Debt Ceiling and Obama's Silence

Lincoln Mitchell | Posted 10.01.2011 | Politics
Lincoln Mitchell

In the face of opportunist and selfish behavior, Obama was faced with several options, none of which were good. In the end, he decided that to avoid default and greater economic problems he would simply capitulate to the Republican demands.

The Tea Party; Representation of No Taxation

Jonathan Schmock | Posted 09.30.2011 | Politics
Jonathan Schmock


The Debt Ceiling "Compromise" Is a Total Democratic Capitulation to the GOP

Mitchell Bard | Posted 09.30.2011 | Politics
Mitchell Bard

We will look back and know that when the debt ceiling issue was in play, the Republicans made their case, but nobody in a position of power made the opposing argument. The Democrats just went along and will have to live with the consequences, along with the rest of us.

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...

Elise Foley

UPDATE: Boehner Debt Bill Passes House, Dies In Senate | Elise Foley | Posted 09.28.2011 | Politics

WASHINGTON -- The House of Representatives passed a bill on Friday to raise the debt ceiling and cut $22 billion from next year's spending. Passed as ...

Despite Criticism, Tea Party Finds Moment Of Triumph In Contentious Debate

Reuters | Posted 09.28.2011 | Politics

By Tom Brown MIAMI (Reuters) - They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt de...

Can Obama Extend The Debt Ceiling On His Own?

The New York Review of Books | Ronald Dworkin | Posted 09.28.2011 | Politics

As the debt ceiling fiasco continues unresolved and increasingly dangerous, with no agreement among the House, the Senate and the White House yet in s...

Amanda Terkel

Eric Cantor's District May Lose AAA Credit Rating | Amanda Terkel | Posted 09.28.2011 | Politics

WASHINGTON -- Moody's Investors Service is warning 162 local governments that they risk a downgrade of their AAA credit rating because of the federal ...

How Would a U.S. Default Affect Consumers?

Beth Kobliner | Posted 09.28.2011 | Business
Beth Kobliner

As more and more news reports raise red flags about the meaning of a default or downgrade for Main Street, now is the time to pay attention to the following.

Enough! Pass A Clean Debt Ceiling Increase

Robert Creamer | Posted 09.28.2011 | Politics
Robert Creamer

It's time for Congress to end the three-ring circus that the Republicans created by electing to hold the debt-ceiling hostage in order to promote their right wing ideological agenda.