Fitch Ratings on Monday affirmed the U.S. government’s AAA rating but lowered its long-term rating outlook from “stable” to “negative” and warned that there is “a slightly greater than 50 percent chance of a downgrade over a two-year horizon.” The U.S.…
The congressional “super committee” charged with recommending at least $1.2 trillion in deficit reduction for the next decade announced Monday that it had failed to reach agreement on a plan. Democrats and Republicans each blame the other for the failure,…
It is now a little under one week until the deadline for the congressional joint committee on deficit reduction, or super committee, to report its recommendations. Inside Washington, many are skeptical that committee members will meet their goal of $1.5…
Nearly 200 Iowa residents slipped into the role of congressional deficit-cutters on Monday night, and in many cases were able to reach agreement on the sort of sweeping fiscal reforms that have so far eluded Congress.Working in groups of six…