S&P Downgrades U.S. Sovereign Debt

From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]

By |2011-08-06T09:44:27-04:00August 6th, 2011|Economy|0 Comments

Obama Likes The Gang Of Six; Can You Guess Why?

From Accounting Today: A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years. “The good news [...]

By |2011-07-22T08:45:30-04:00July 22nd, 2011|Government|0 Comments

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