- Posted June 10, 2014
- Tweet This | Share on Facebook
S&P affirms 'stable' outlook for U.S. debt and ratings
WASHINGTON (AP) - Standard & Poor's Ratings Services has affirmed its "stable" outlook for U.S. government debt and its ratings for short- and long-term U.S. debt, citing the American economy's strength and the government's flexible economic policies.
The rating agency last Friday said it is keeping its rating for short-term U.S. debt at "A-1+" and for long-term debt at "AA+."
Federal deficits, while still large, have fallen sharply from the $1 trillion-plus deficits of President Barack Obama's first term. Still, S&P warns - as rating agencies have done frequently in recent years - that the political brinksmanship in Washington over the federal budget looms as a problem. S&P says it expects the deficit to rise toward the decade's end unless there are new measures to raise revenue or cut spending.
Published: Tue, Jun 10, 2014
headlines Oakland County
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case