January 25, 2013 in The Daily Republic
City’s most recent bond issue ranked as A+, up from A rating
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.”
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.
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.
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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