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Fitch puts US credit rating on negative watch

October 15, 2013 in The Dickinson Press

WASHINGTON The Fitch credit rating agency has warned that it is reviewing the U.S. government’s AAA credit rating for a possible downgrade, citing the impasse in Washington that has raised the threat of a default on the nation’s debt. Continue Reading

Mitchell’s credit rating upgraded

January 25, 2013 in The Daily Republic

City’s most recent bond issue ranked as A+, up from A rating
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It’s not just economics: Sen. Johnson questions S&P’s political judgment

August 10, 2011 in The Daily Republic

Today, Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Johnson (D-SD) issued the following statement on the market reaction to Standard & Poor’s downgrade of U.S. Treasuries.

“In the minds of serious, reasonable, and informed individuals there is no doubt that the U.S. will meet its debt obligations and we are seeing even more proof of that today. As the financial markets stumble, investors continue to regard Treasury debt as a safe haven in times of economic uncertainty. This irresponsible move by S&P may, however, have spillover effects that tax the American people by increasing interest rates on home loans, credit cards, and car loans, and by increasing the cost of finance for some state and local governments. I am deeply disappointed in S&P’s decision to enter into the game of political punditry.”

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Fed may react to market plunge and stalled economy

August 9, 2011 in The Daily Republic

WASHINGTON (AP) A plunging stock market and a stalled U.S. economy may force the Federal Reserve to use the dwindling number of tools it has left in an effort to boost growth and keep the country from sliding back into recession.
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Senate panel gathering facts on credit rating downgrade; Johnson calls S&P ‘irresponsible’

August 8, 2011 in The Daily Republic

WASHINGTON (AP) A Senate Banking Committee aide says the Democratic-led panel is gathering information on Standard & Poor’s decision to issue the first-ever downgrade of the government’s credit rating.
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U.S. credit rating downgraded by S&P; weakengin political system blamed

August 6, 2011 in The Daily Republic

WASHINGTON (AP) – Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation’s sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S. economy.
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S&P downgrades US credit rating from AAA

August 5, 2011 in The Dickinson Press

The United States has lost its coveted top AAA credit rating.
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