Standard & Poor's, a big ratings agency, is getting nervous about the United States' ability to pay its debt.The agency lowered its outlook for the U.S. to negative this morning. That's essentially a warning.It means that the U.S. is still a super-safe country to lend money to, in S&P's view.
On January 8th, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: "Gentlemen....the national debt.... is PAID."That was the one moment in U.S.
Icelanders go to the polls this weekend to decide whether to pay the debts of a failed bank. Planet Money's David Kestenbaum is in Reykjavik, and he spoke with Renee Montagne.For more: Read our post, "Should I Pay For Bankers' Mistakes?" Copyright 2011 National Public Radio.
Everybody except Portugal knew this was coming: Portugal needs a bailout from the European Union.A few weeks back, Portugal's legislature rejected new austerity measures. The prime minister, who supported the measures said he'd resign.
President Obama’s State of the Union was in large part about the state of our economy and the need to create jobs. With so many struggling, it’s no wonder that payday loan stores have become as familiar and frequent a sight as the corner tavern.