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.
Now that we know there will NOT be a partial shutdown of the federal government because late last night lawmakers reached a deal on a plan to cut about $38 billion from this year's budget, it's time for some morning-after analyses.-- Over at It's All Politics, our colleague Frank James says this sho
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.
Kentucky and Tennessee have reportedly become the second and third states to turn over their supplies of an increasingly rare lethal-injection drug to the Justice Department.The drug, sodium thiopental, is one of three drugs that most states that enforce capital punishment use in their lethal inject