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.