Content Tagged As credit_rating
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Obama calls US AAA nation despite AA+ rating
August 8, 2011 2:14 PM
WASHINGTON (AP) - President Barack Obama says the U.S. always is and always has been a triple-A country, despite its rating agency downgrade. He said also the U.S. didn't need a rating agency to tell it that it's political system was having trouble functioning. Speaking at the White... more » -
G-7 to discuss central bank action
August 6, 2011 8:42 AM
BRUSSELS (AP) - A person familiar with the matter says financial officials from the Group of Seven industrialized nations will discuss how to coordinate action between their countries' central banks following several days of market panic and a downgrade of the U.S. credit rating. The person spoke Saturday on condition... more » -
Lawmakers trade blame for downgrade
August 6, 2011 8:33 AM
WASHINGTON (AP) Lawmakers trade blame for downgrade One of the world's three major credit rating agencies says there's too big a gulf between Republicans and Democrats when it comes to dealing with debt, so it's giving the government a downgrade. Standard & Poor's has bumped the U.S. credit rating... more »
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