Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit and cost taxpayers more for … Click to Continue »
South Africa's rand tumbled on Monday afternoon after credit ratings agency Standard & Poor's downgraded the country's the credit grade to junk status, saying political and institutional uncertainty after a … Click to Continue »
Decades of craven trade-offs by Chicago and Illinois politicians hit taxpayers with costly consequences once again Tuesday. Moody's Investors Service downgraded the city's credit rating by two notches, to junk. That means Chicagoans...
The federal budget deficit fell sharply in July from a year earlier, largely because of a quirk in the calendar. The U.S. Treasury Department says the budget gap came in … Click to Continue »