U.S. Looking at Ways to Slash Corporate Taxes Despite Deficit While policymakers and businesses go back and forth on how best to cut corporate taxes and reduces rates, one thing is certain: In the near-term, revenue will suffer.
Debt Continues to Climb in the U.S. The U.S. has now officially passed over $20.0 trillion in debt, the highest it’s ever had in its existence.
Credit Card Debt Estimated to Hit $1-Trillion Mark by Year-End Credit card debt may be the biggest source of financial stress for Americans, yet American households are continuing to add more debt to their cards.
Debt Repayment Bigger Source of Stress than Housing or Healthcare Costs Debt repayment is the top source of financial stress for Americans, ahead of other expenses.
Four-Week T-Bills Priced at the Highest Yield Since 2008 The Donald Trump administration has a serious issue to address this month. Yields on short-term Treasury bills (T-bills) are continuing to surge ahead of the approaching debt ceiling deadline, as T-bills face heavy selling pressure. Meanwhile, demand for new bills is remaining low.
Moody’s Warns that U.S. Won’t Be Able to Regain High Credit Rating if It Defaults All three major credit rating agencies have now warned the American government to take action or face the consequences.
America’s Sovereign Debt Risks Losing its AA+ S&P Credit Rating Financial ratings agency Standard & Poor’s Financial Services LLC (S&P) says that the United States can keep its AA+ rating only if it manages to avoid a default, if the debt ceiling deadline is crossed. The implication is that America could lose its high rating if it (more…)
Connecticut is one of the wealthiest states in the country, but it’s drowning in debt, and the governing Democrats aren’t entirely sure what to do about it. But they’ll need to work fast to pass a budget–either that or face implementing additional spending cuts to education and municipal aid across the state.
U.S. AAA Rating At Risk of Being Cut Amid Debt Ceiling Crisis America’s debt ceiling crisis just keeps on getting worse. International financial ratings agency Fitch Ratings Inc. has just announced that it may have to review the rating assigned to American debt, warning that the review may come with “potentially negative implications.”
U.S. debt continues to climb and, depending on which source you believe, it’s just a matter of time before the U.S. debt burden hits $20.0 trillion. According to government figures, debt is $19.84 trillion, and according to USDebtClock.org, the nation’s debt load is $19.97 trillion.