Tag: american dollar

Congress Indecision Causes US Credit Rating to Drop

Standard & Poor dropped America’s credit rating from AAA to AA+, claiming the "political brinksmanship" shows American leadership is "less stable, less effective, and less predictable." The recent ambivalence of government officials has made the agency wary of America’s ability

American Dollar Getting Ditched by IMF

american dollar

America’s debt crisis is causing the International Monetary Foundation (IMF) to contemplate replacing the United States dollar as the world’s reserve currency. More than the IMF is calling for a change in the global economy. China is also in