Tag: United States

Monday, August 22nd 2011 - 07:19 UTC
Biden tells China US power not waning and anticipates a bumpy 2012

US Vice President Joe Biden rejected views that US power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies. He also anticipated 2012 was a ‘transition year” both for the US and China
Friday, August 19th 2011 - 10:16 UTC
US reviews deportation policy involving 300.000 illegal immigrants

US President Obama administration said Thursday it would postpone the deportation of illegal immigrants without criminal records and allow them to apply for work permits as it reviews over 300.000 cases.
Wednesday, August 17th 2011 - 07:06 UTC
Fitch reaffirms US sterling AAA rating but calls for political agreement

Fitch Ratings on Tuesday reaffirmed the United States' AAA credit rating. The move comes less than two weeks after Standard & Poor's downgraded the United States' long-term debt to AA+.
Tuesday, August 16th 2011 - 06:16 UTC
Ambassador in Brazil Shannon back to Washington to help undermanned State Department

US Ambassador to Brazil Thomas Shannon is returning to Washington to serve as acting Undersecretary of state for political affairs while the State Department awaits the confirmation of President Barack Obama’s nominee for the post, Wendy Sherman.
Wednesday, August 10th 2011 - 19:33 UTC
Zero probability of US default, “we can always print money to pay any debt”

Former Federal Reserve Chairman Alan Greenspan downplayed the risk of a double-dip recession in the United States saying the domestic economy was in better shape compared to its European peers.
Tuesday, August 9th 2011 - 20:11 UTC
Federal Reserve anticipates low rates and current stimuli level through mid-2013

The Federal Reserve said on Tuesday it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that face considerable selling spree.
Monday, August 8th 2011 - 20:32 UTC
Moody’s repeats downgrade warning by 2013 if US does not cut budget deficit

Ratings agency Moody's repeated a warning Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
Monday, August 8th 2011 - 19:52 UTC
Obama calls for ‘political will’ to address situation; ‘US will always be triple-A’

Stock markets extended their heavy losses on Monday despite US President Barack Obama moving to try to reassure investors. In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.
Monday, August 8th 2011 - 04:14 UTC
China warns US on ‘debt addiction’; demands global supervision of dollar issues

Beijing bluntly criticized the United States after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. S&P cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on yesterday, over concerns about the nation's budget deficits and climbing debt burden.
Saturday, August 6th 2011 - 08:10 UTC
The unthinkable has happened: S&P downgrades the US credit rating

One of the top credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating for the first time ever. S&P cut the long-term US rating by one notch to AA+ with a negative outlook, citing concerns about budget deficits.