Fitch Ratings placed the United State’s AAA credit rating on “Rating Watch Negative” last week, due to the increased risk of a default on the government’s financial obligations from the debt ceiling standoff.Fitch said in its statement that repeated brinkmanship…
The federal debt limit is actually a case of mistaken identity, according to Concord Coalition Executive Director Robert L. Bixby.“While you would think that a ‘debt limit’ would exert control over the nation’s fiscal policies, it does not,” he says…
President Obama announced last week that he would nominate Federal Reserve Vice Chair Janet Yellen to succeed Ben Bernanke as Fed chairman.If confirmed by the Senate, Dr. Yellen is widely expected to continue the policies supported by Bernanke; she is…
Reflecting the sour public mood towards Washington, a panel of experts on the federal budget described themselves Thursday night as worried, puzzled, frustrated and disappointed as the fiscal stalemate dragged on. They faulted top political leaders and other elected officials…
