The economy has grown so fragile this year that missteps by the warring factions in Congress could tip it back into recession, economists warn.
Maryland officials sold $512 million in municipal bonds Wednesday to help pay off state debt and finance infrastructure projects, but doubts remain over how the ongoing federal debt debate will affect the state's future investments.
Greek Finance Minister Evangelos Venizelos on Monday asked U.S. policymakers and business leaders for support as his country finalizes another rescue package to avoid a second default in recent years.
A year after the enactment of a sweeping Wall Street reform law, evidence is growing that it failed in its main mission of ending taxpayer bailouts of global banks considered "too big to fail."
Moody's Investors Service says it likely will lower the credit ratings of five states should it downgrade the U.S. government's credit rating.
Kicking the can down the road — a great Washington tradition when the two major political parties reach a budget impasse — is not an option this time if the U.S. is to maintain its privileged financial standing in the world.
Credit rating agency Standard & Poor's said on Thursday that there is a 50 percent chance it will downgrade the U.S. government's credit rating within three months because of the congressional impasse over approving an increase in the debt ceiling.
Looking back at a chart of the Standard & Poor's 500 this week, I see a market that is reeling from a number of factors and data points. Some conflict with others, and some are good only in so far as they are not as bad as they have been.
Moody's Investors Service on Wednesday moved toward downgrading the Treasury's AAA credit rating, considered the gold standard in world markets for most of the last century, warning that signs of a breakdown in the increasingly acrimonious budget negotiations have raised the likelihood of default.
