Standard & Poor'S Corp.

Latest Standard & Poor'S Corp. Items
  • The future of the Ex-Im Bank, which many conservatives condemn as "corporate welfare" to well-heeled U.S. exporters, was put in doubt when Rep. Kevin McCarthy, the California Republican and the incoming majority leader for the House GOP caucus, said Sunday he opposes a reauthorization vote. The White House has expressed strong support for reauthorization, with press secretary Josh Earnest going so far as to invoke former President Ronald Reagan's support of the bank in an effort to sway Mr. McCarthy. (Associated Press)

    S&P: Boeing to suffer if Ex-Im Bank killed

    A campaign by congressional Republicans to eliminate the U.S. Export-Import Bank clouds the outlook for America's premier exporter, Boeing Co., Standard & Poor's Corp. warned on Tuesday.

  • **FILE** Rep. Melvin Watt of North Carolina addresses the Democratic National Convention in Charlotte, N.C., on Sept. 6, 2012. (Associated Press)

    S&P: Fannie, Freddie needed to sustain housing rebound

    Standard & Poor's Corp., one of Wall Street's top credit agencies, said Tuesday that the fragile housing recovery cannot continue without support from Fannie Mae and Freddie Mac, the two mortgage finance giants many in Congress seem bent on eliminating.

  • Apple Inc. holds $132 billion in cash abroad, the largest amount by far of any U.S.-based company. Apple and many other American corporations are reinvesting the money they amass into operations in China and other overseas markets that have been growing faster than their U.S. operations. (Associated press)

    Corporations hoard cash overseas away from high U.S. taxes, have little incentive to reinvest

    American corporations seem to be doing just about everything with their record $1.53 trillion in cash holdings except using it to invest and hire in the United States, even though the sluggish economy could use the boost.

  • "If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll over their Treasury investments," the United States could be forced into default within days, Treasury Secretary Jack Lew told Congress last week. (Associated Press)

    Next move on U.S. credit rating? 'D' for default

    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.

  • ** FILE ** Newly printed $20 notes are seen at the Bureau of Engraving and Printing in Washington. (AP Photo/J. Scott Applewhite)

    S&P backs off downgrade threat for U.S. government

    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.

  • Consumers regain confidence from improving job, housing markets

    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.

  • ** FILE ** Britain's Queen Elizabeth II arrives for a Service of Thanksgiving in St. Macartin's Cathedral in Enniskillen, Northern Ireland, on Tuesday, June 26, 2012, as part of the celebration of her 60 years on the throne. (AP Photo/Peter Morrison)

    Britain loses AAA credit rating

    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.

  • **FILE** Rating agency Standard & Poor's New York headquarters is seen here on Oct. 9, 2011. (Associated Press)

    With U.S. fiscal problems unresolved, treasured AAA rating may fall off cliff

    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.

  • Speaker of the House John Boehner, R-Ohio, speaks to reporters after the House Republicans voted for their leadership for the next session of Congress, at the Capitol in Washington, Wednesday, Nov. 14, 2012. He is flanked by Majority Leader Eric Cantor, R-Va., left, and Rep. Lynn Jenkins, R-Kan., right. (AP Photo/J. Scott Applewhite)

    Agencies warn politicians: 
Credit ratings on the line

    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.

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