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Economy
US Postal Service warns it could default PDF Print E-mail

From Yahoo News:

"The US Postal Service warned on Friday that it could default on payments it owes the federal government, just days after the US government itself narrowly averted a default."

To read this story, please visit Yahoo News

S&P downgrades U.S. credit rating for first time PDF Print E-mail
From The Washington Post:

"Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system."

To read this story, please visit The Washington Post

Europe on Brink of 'Major Financial Collapse': Guggenheim CIO PDF Print E-mail
From CNBC:

"Europe is a "train wreck" and on the "brink of a major financial crisis," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday."

To read this story, please visit CNBC

The rating outlook is now negative, Moody’s said in a statement yesterday after President Barack Oba PDF Print E-mail
From Bloomberg:

"The rating outlook is now negative, Moody’s said in a statement yesterday after President Barack Obama signed into law a plan to lift the nation’s borrowing limit and cut spending. "

To read this story, please visit Bloomberg

Chinese agency cuts U.S. debt rating again PDF Print E-mail
From Market Watch:

" Chinese credit-rating agency Dagong Global Credit Rating Co. again downgraded U.S. sovereign debt Wednesday and warned of further downgrades, the state-run Xinhua news agency reported. Dagong cut U.S. Treasurys to A from A+, with a negative outlook, saying growth in U.S. debt is still outpacing revenue growth. "


To read this story, please visit Market Watch

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