Economy, Debt Ceiling | featured news

Fitch warns that debt-limit delay could hurt U.S. credit rating

A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday.

 

Poll: Thumbs down on the debt-ceiling deal

Poll: Thumbs down on the debt-ceiling deal

The hard-won, last-minute agreement to raise the debt ceiling and cut the deficit gets low ratings from Americans, who by more than 2-1 predict it will make the nation's fragile economy worse rather than better.

 

Britain, Japan warn of disaster if no U.S. debt deal

British and Japanese officials warned Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the U.S. borrowing limit and averting a debt default.

 

Obama blasts Boehner debt-ceiling bill, calls for bipartisan deal

Obama blasts Boehner debt-ceiling bill, calls for bipartisan deal

As the nation stood Friday on the edge of a historic default and markets sank amid grim economic news and the legislative chaos, President Obama called on both Democrats and Republicans to abandon their favored debt-ceiling plans and come together to find a last-minute deal.

 

Reports confirm decelerating economy

Reports confirm decelerating economy

The latest evidence on the economy suggests that the tense standoff between Congress and the Obama administration over raising the debt ceiling is coming at a terrible time — not in a period of robust or even passable growth, but at a time the U.S. economy is barely eking out any expansion at all.

 

Obama: Chance for 'something big' to calm economy

Obama: Chance for 'something big' to calm economy

President Obama said Friday Congress has a "unique opportunity to do something big" and stabilize the U.S. economy for decades by cutting deficits ...

 

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