S&P Credit Downgrade Impact

Want Your Own Home? Here’s How to Do the Math

By Cathy Curtis, CNBC

It seems nothing can stop Americans from wanting to buy their own homes. It's almost as if the credit crisis didn't happen, even though not too long ago we were bombarded daily with stories about...
Budget Brawl Could Sideswipe Fed Plans to Taper

By Josh Boak, The Fiscal Times

The Federal Reserve appears ready to tap the brakes on its monthly $85 billion bond-buying program, even though the jobs picture still looks dismal and an upcoming federal budget showdown could...
How It Took 35 Years to Wreck the U.S. Economy

By Nick Gillespie, Reason

The chart below put together by my frequent collaborator Veronique de Rugy is, simply put, terrifying. It shows the growth in inflation-adjusted federal outlays per capita. So what you're looking at...
How to Build a Guard Rail around the Fiscal Cliff

By David M. Walker, The Fiscal Times

Op-ed : The “ fiscal cliff ” is quickly approaching, but President Obama, Gov. Romney, and Congressional leaders have not revealed their specific plans to avoid it – if they have one. Given that it...
Fiscal Cliff Looms Large As Congress Leaves Town

By Eric Pianin

A highly unpopular Congress once again departs on a lengthy recess, leaving behind a mountain of unfinished work, including a farm bill amid one of the worst U.S. droughts in decades. One year after...

S&P Downgrade: One Year Later, a Message Unheeded

By Yuval Rosenberg

Despite the high drama surrounding the rating cut, dramatically little has changed in terms of the fiscal and political issues S&P's announcement highlighted.
10 ‘Kicked Cans’ That Can Send the U.S. Over the Cliff

By Josh Boak and Eric Pianin, The Fiscal Times

Amid all the mania about the government driving off the fiscal cliff early next year, there is the usual complaint about Washington putting off the kinds of reforms that would stop the federal budget...
Bolting Bovine Replaces Germany's Oracle Octopus

By Reuters

Could a runaway celebrity cow replace the late Paul the "oracle" octopus as the next animal with the ability to foretell the fortunes of Germany's national soccer team?
Will Germany Swallow Inflation to Save the EU?

By Patrick Smith

This weekend’s G-8 summit at Camp David, the U.S. president’s retreat, marks a big step for Europe in several different ways. After a couple of weeks of waffling, German Chancellor Angela Merkel now...
Boehner to Dems: We Won’t Blink First on Debt Deal

By Eric Pianin

A year after the debt ceiling debacle, when the U.S. almost defaulted on the country’s debt, House Speaker John Boehner demanded in a speech at a fiscal summit that the next increase in the Treasury’...

Merkel Vows Fast Action on Fiscal Compact

By Robin Emmott and BRIAN ROHAN, Reuters

European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the...
GOP May Renege on Norquist’s No-Taxes Pledge

By Eric Schurenberg, The Fiscal Times

Could the Republican no-tax pledge have topped out? At first glance, the answer is clearly no. As the debt ceiling debate made clear, many pledgers would rather trigger a catastrophic default than...
What’s Happening to My Money?

By Eric Schurenberg, The Fiscal Times

The most frightening irrational force in the universe this August has been the stock market. Defying all predictions and logic, the Dow crashed, rather than rejoiced, when Congress finally ended its...
S&P Downgrade: White House, Business Shoot Messenger

By Ciro Scotti

The crosscurrents swirling around Standard & Poor’s and its downgrade of U.S. debt are so treacherous and easily misunderstood that perhaps it should have recused itself from making a judgment.
Pataki Closer to Declaring his Candidacy for President

By Maureen Mackey, The Fiscal Times

In his strongest criticism yet of President Obama and his administration, George Pataki, former Republican governor of New York and the founder of the non-profit organization, No American Debt, told...

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