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- Boehner: It took me 3 to 4 hours to sign up for Obamacare
- Oh my God! Costco lists Bible as fiction, Ron Burgundy memoir as gospel
- Sarah Palin responds to Martin Bashir’s resignation, praises media
- Obama to send 2 Gitmo terror suspects back to Algeria
- Paul Walker secretly bought $9K wedding ring for Iraq vet
- Mystery sign poster hits Washington state town: ‘It’s OK to say Merry Christmas’
- Pope Francis forms commission to advise on sex abuse
- Anthony Weiner on radio? Cumulus says, ‘Never, ever’
Independent voices from the The Washington Times Communities
Topic - Standard & Poor'S Corp.
The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade, citing Thursday's looming deadline to increase the nation's borrowing limit.
One of Wall Street's leading credit-rating firms Tuesday afternoon warned that it may downgrade the U.S. credit rating from AAA as a result of the congressional impasse that could force the Treasury Department to hit its borrowing limit on Thursday and could lead to a first-ever default on Treasury securities within days after that.
Despite expressing confidence that the U.S. will avoid a default, one top credit rating agency has issued a quiet warning that the nation's AA+ rating will plunge suddenly to a shockingly low D if a political resolution does not come in time to prevent the Treasury from missing a debt payment in the next month.
Standard & Poor's Corp. on Monday withdrew its threat to downgrade the U.S. government for a second time, citing an improving economy and declining budget deficits. But it said the U.S. still falls short of getting a AAA rating because the two bickering political parties refuse to bridge their differences and address long-term debt problems.
Consumer confidence soared to a five-year high this month as an improving job market and double-digit gains in home prices lifted consumer spirits, according to a survey released Tuesday.
Consumer confidence soared to a five-year high this month as an improving job market and double-digit gains in home prices lifted consumer spirits, the Conference Board reported Tuesday morning.
Britain on Friday became the latest major developed country to lose its top AAA credit rating, following a downgrade issued by Fitch, a London-based ratings agency.
The United States looks increasingly likely to lose its gold-plated AAA credit rating in the next few months amid warnings by Wall Street rating agencies that last week's $650 billion "fiscal cliff" deal did not go far enough to reduce $1 trillion deficits and stabilize the debt.
Wall Street ratings agencies are skeptical of the resolve of political leaders to tame the nation's debts, and are raising the likelihood that at least one of the three top agencies will add to the turmoil in financial markets at the end of the year by further downgrading the U.S. credit rating.
Moody's Investors Service on Tuesday warned that it will downgrade the U.S. government's AAA credit rating if Congress and the newly installed president next year fail to produce a major budget agreement that stabilizes and reduces the U.S. debt.