Post Tagged with: "downgrade"

November 15, 2011 22:12

Moody’s ready to downgrade US credit rating if committee fails

Another credit downgrade is in the works in the likely event that the super committee punts on reining in spending and reducing debt. It seems all they can do is rearrange the deck chairs on the Titanic.

October 24, 2011 04:53

Another U.S. Sovereign Downgrade Likely By 2011 Year End, Says Merrill

If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.

August 30, 2011 04:40

Romney: Obama a DDD Presidency for Debt, Downgrade, Delay

Republican presidential candidate Mitt Romney called President Barack Obama a DDD president, a remark coming after Standard & Poor downgraded the United State’s AAA credit rating to AA-plus. – CNSNews video

August 9, 2011 15:01

Rick Santelli: We’d be rated triple B without the Teaparty

Rick Santelli says “we’re on the wrong path and our leaders are gone” … “its reprehensible.”