Moody’s, S&P May Downgrade U.S. Debt Rating

by | Jan 13, 2011 | Towing

Moody’s Investors Service and Standard & Poor’s are both considering downgrading their ratings on U.S. debt because of rising interest-to-revenue ratios, the nation’s jobless recovery, and rising Social Security and health care…

The Debt-Ceiling War: Wall Street Could Be a Casualty

by | Jan 5, 2011 | Towing

Debt and government spending are firmly at the top of the new Congress’s agenda. And just the threat that the U.S. wouldn’t pay its bills has traders worried and wondering if the U.S. could end up on the same chaotic economic p…