Will Nebraska Bail Out Illinois? News Analysis
When the scale of the pension problem becomes manifest in current state budgeting, will politicians seek to nationalize the problem with a taxpayer bailout, ask fiscally prudent Nebraska to help profligate Illinois?
Houston, We Have a Spending Problem—News Analysis
Across-the-board spending cuts set to begin this week are an opportunity to be embraced, not a horror to be avoided.
Italy Plans Trial for Fitch, S&P Over Downgrades
Prosecutors allege that reports by both S&P and Fitch on Italy and its banking system were leaked during business hours in at least one instance. The leak is alleged to have caused the Milan stock market to record heavy losses.
What Are the Odds? 6 Election Scenarios Affecting a ‘Fiscal Cliff’ Deal
In a weekly commentary, Jeff Kleintop, chief market strategist for LPL Financial, cobbled together an insightful selection of the odds of a “fiscal cliff” deal based on which party wins what after the election.
How to Avoid the Coming ETN Meltdown
The overriding theme is to immediately cut direct credit exposure to banks by moving into ETFs.
Moody’s Slices Italy's Credit Rating
Italy got hammered Tuesday by Moody’s, which lowered the country’s credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
SEC Proposal Fails to Fix Ratings Agencies: Sen. Franken
Sen. Al Franken, D-Minn., and Barbara Roper, of the Consumer Federation of America, warned Thursday that the credit rating agency reform proposals put forth thus far by the SEC as part of Dodd-Frank are inadequate.
Fitch Reaffirms Triple-A U.S. Debt Rating
Fitch Ratings affirmed the United States’ Triple-A debt rating Tuesday and called the country’s outlook 'stable.'
Power an Issue for Japan: Moody’s
Disruptions in its power supply and the potential for government assistance for Japan’s Fukushima power plant operator, coupled with uncertainty surrounding the cost, could translate to additional problems for the fiscal health of the country, said Moody’s Investors Service on Tuesday.
Unemployment Rate Falls, but Private Sector Hiring Disappoints
The nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months, but employers added 103,000 jobs in December, far below most analysts' expectations.