News
S&P downgrades US credit ratingAn ABC News ticker in Times Square reads, "Standard & Poor's downgrades US credit rating from AAA to AA+." (Andrew Burton, Getty Images) By Jim Puzzanghera, Los Angeles Times Standard & Poor's downgraded the US government's credit rating Friday for the ... read more
US Stocks Sink in Biggest Drop Since 2008
Stocks slid to their lows of the day Friday amid speculation S&P was close to announcing a reduction in the US AAA credit ranking. Photographer: Jin Lee/AP US stocks fell the most in 32 months this week, erasing the Standard & Poor's 500 Index's 2011 ... read more
U.S. Credit Rating Cut by S&P for First Time on Deficit Reduction Accord
5 (Bloomberg) -- Nouriel Roubini, chairman of Roubini Global Economics LLC, Joshua Rosner, managing director of Graham Fisher & Co. and Jim Bianco, president of Bianco Research LLC talk with Bloomberg's Michael McKee about Standard & Poor's downgrade ... read more