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US debt

Fitch Downgrades US Credit Rating, Warns of Mild Recession

Credit agency Fitch has downgraded the US government's credit rating following what it called a "steady deterioration" in governance over the last twenty years. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top...

US Congress Approves Debt Deal, Averting Default

The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on its debt. The bipartisan measure sped through the Senate by a vote of 63-36, a day...

USA Reaches Greek Crisis Levels of Public Debt

The U.S. is reaching the level of public debt recorded in Greece during the black days of the financial crisis that led to bailout programs.

Financial Gurus in Lively Columbia University Debate on US Debt, Deficit

More than 1,700 policy makers, economists and students tuned in earlier in the week to watch a webinar debate on the US debt and financial deficits organized by the Columbia Business School. Jared Bernstein, former chief economist and economic adviser...