Tag: debt crisis

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

Congress and The Debt Deal Destroying America’s Economy

Congress finally did it. The debt ceiling has been raised for the 74th time in United States history. Requiring compromise from the Democrats and Republicans this process has been hard. Now what will happen to the economy?

Up to Date Developments in the Debt Debate

American officials may have made some head-way in the debt crisis. Officials from both parties seem to have put differences aside for a brief time to strike some sort of deal to avoid an economic disaster. Officials have focused their