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A scenario former United States Treasury Secretary Henry Paulson described as “unthinkable” during a recent discussion in Aspen is apparently imaginable in the minds of Moody's Investors Service. Moody's is the first of the big-three rating agencies to place the United States' triple-A rating on review for a possible downgrade. The agency said there is a small but rising risk the federal government could default on its debt.
In a new paper released Wednesday, entitled “How the Great Recession Was Brought to an End,” prominent economists Alan Blinder and Mark Zandi say...
WASHINGTON-- Last week, as House Democrats took to the floor with near-unanimous praise for legislation to help the unemployed and stimulate the fragile economy, Rep. Lloyd Doggett (D-Texas) offered a wildly different message.
“This bill,” he said, “represents a textbook example of how not to deal with the economic challenges that our country faces.”