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US Default

Poll Reveals Torn Feelings Over Jarring Problem

AP | ALAN FRAM and JENNIFER AGIESTA | Posted 01.18.2013 | Politics

WASHINGTON -- Most Americans think jarring economic problems will erupt if lawmakers fail to increase the government's borrowing limit. Yet they're to...

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...

Udall, Bennet Voice Criticism Of Bill To Avoid Default

The Huffington Post | Matt Ferner | Posted 10.03.2011 | Denver

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...

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

Posted 10.02.2011 | Business

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

Debt Ceiling Deal Not Such A Deal For Graduate Students

CNN Money | Jennifer Liberto | Posted 10.02.2011 | Business

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 ...

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...

Tea Party's War on America

New York Times | JOE NOCERA | Posted 10.02.2011 | Business

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...

U.S. Cities Spending The Most On Health Care

The Huffington Post | Harry Bradford | Posted 10.01.2011 | Business

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...

Michael McAuliff

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

HuffingtonPost.com | Michael McAuliff | Posted 09.30.2011 | Politics

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...

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

Mohamed A. El-Erian | Posted 09.30.2011 | Politics
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.

11 Ways To Explain The Stakes Of A Debt Ceiling Debate

The Huffington Post | James Sunshine | Posted 09.29.2011 | Business

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...

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

Victor Williams | Posted 07.29.2011 | Politics
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.

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

Posted 09.28.2011 | Business

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

Fed Will Provide Banks With Guidance If Country Defaults

Posted 09.27.2011 | Business

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

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

Heather McGhee | Posted 09.26.2011 | Politics
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.

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

MarketWatch | Robert Schroeder | Posted 09.26.2011 | Business

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

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

Posted 09.26.2011 | Business

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

How A Ratings Downgrade Would Affect American Life

The New York Times | Tara Siegel Bernard | Posted 09.26.2011 | Business

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 ...

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

AP | AP Business Writer | Posted 09.25.2011 | Business

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...

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

Time | ZACHARY KARABELL | Posted 09.25.2011 | Business

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...

The Debt Titanic

Stuart Diamond | Posted 09.25.2011 | Politics
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.

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

Gene Marks | Posted 09.25.2011 | Comedy
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.

Why We Don't Need The Debt Ceiling

New Yorker | James Surowiecki | Posted 09.25.2011 | Business

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...

Republican Debt Ceiling Tactics Hold National Interest Hostage

Peter S. Goodman | Posted 09.24.2011 | Business
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...

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

Posted 09.24.2011 | Business

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...