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Sunday, October 22, 2017
downgrade

Four Ways Congress Can Upgrade Our Credit Rating

Now that Standard & Poors has downgraded the U.S.’s AAA credit rating, it is important to respond boldly and, at the same time, lower expectations. The first step is for our political leaders to frankly acknowledge the problems at hand: The U.S. economy will face a hard slog for an extended period; the political system […]

August 10, 2011

China Worried About U.S. Default

As House Republicans continue to hold the United States hostage over raising the debt limit, China is using Standard & Poor’s and Moody’s (relatively empty) threats to downgrade the United States’ credit rating as a pretext to issue stern warnings on honoring our more than $1 trillion in debt to that country. China’s State Administration […]

July 20, 2011

Ratings Agency: We Might Downgrade U.S. Credit

Yesterday, the credit ratings agency Moody’s Investor Service warned that it will have to review the U.S. government’s AAA credit rating and possibly downgrade it, given fears that the U.S. will fail to raise the debt ceiling and default on its debt. Moody’s believes there is a “very small but rising risk of a short-lived […]

July 13, 2011