For generations, the United States and its debt — sold in the form of U.S. Treasuries — have been synonymous with safety. Now, though, the nation's sterling credit is tarnished. The ratings agency Standard & Poor's has downgraded the U.S. from AAA to AA-plus, one notch down.
Republicans and Democrats quickly doled out blame to each other and China weighed in angrily after the first-ever downgrade in America's sterling credit rating — an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S.
If the monthly jobless numbers aren't saying much, the longer-term employment trends in the United States are speaking volumes about the economy.Those trends aren't often mentioned. The number of people who are long-term unemployed remains unchanged — more than 6 million people.
Investors seeking reason for optimism after the worst stock-market sell-off since the 2008 financial crisis probably won't find it in Friday's July jobs report.Economists are forecasting that employers added only 90,000 jobs last month and that the unemployment rate was unchanged at 9.2 percent, acc
Stock markets plummeted Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems. In late-afternoon trading, the Dow Jones industrial average was down nearly 500 points, or 4 percent, and other indexes saw similar drops.The U.S.