Default Or Not, U.S. Already Has Endangered Its Credit Rating -- Kevin G. Hall, McClatchy Washington Bureau
WASHINGTON — Credit ratings agencies may not wait for a default to downgrade U.S. government creditworthiness.
Standard & Poor’s downgraded U.S. government bonds to AA from AAA amid the August 2011 debt-ceiling debacle. The other two major ratings agencies _ Moody’s Investors Service and Fitch Ratings _ didn’t follow suit at the time, but Fitch said late Tuesday that it had put the United States on a watch list, meaning U.S. bonds might be downgraded.
Fitch promised to resolve the status before the end of March, depending on the outcome of the political squabbling, which could extend into next year even with a short-term resolution now. And S&P doesn’t rule out a downgrade.
Read more ....
Commentaries, Opinions, And Editorials
Debt limit debacle: Who won and who lost? -- Peter Grier, Christian Science Monitor
Iran Nuclear Talks in Geneva Get Down to Details -- Barbara Slavin, Voice of America
Claims of progress as Iran nuclear talks wrap up -- Scott Peterson, Christian Science Monitor
Can Rouhani Deliver? -- Said Amir Arjomand, Project Syndicate
Who Let Iran Get So Close to a Nuke? -- Jonathan Tobin, Commentary
What next for Al-Shabaab? -- EJ Hogendoorn, CNN
Egypt Struggles for Control of Sinai -- Samiha Shafy and Daniel Steinvorth, Spiegel Online
Europe Is Burning, Slowly -- Walter Russell Mead, American Interest
Will Biden Strike Back at Hillary on Terror? -- Jonathan S. Tobin, Commentary
The Myth of U.S. Energy Dependence -- Gal Luft and Anne Korin, Foreign Affairs
Homeland Insecurity Alert: Dry Ice and Dry Runs -- Michelle Malkin, Real Clear Politics
Saving Defense dollars: From BRAC to ORAC -- Kay Bailey Hutchison and Michael O'Hanlon, Reuters
Americans need to discover how the world sees them -- Timothy Garton Ash, the Guardian
What's In Store for the New Global Powers -- Erich Follath, Spiegel Online
No comments:
Post a Comment