WBEZ | debt ceiling http://www.wbez.org/tags/debt-ceiling Latest from WBEZ Chicago Public Radio en Morning Shift: Inching closer to the debt ceiling deadline http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-10-16/morning-shift-inching-closer-debt-ceiling-deadline <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/stock by andreaspoike.jpg" alt="" /><p><p>Congress continues to debate the deadline to raise the debt ceiling closes in, financial expert Diane Swonk explains what this could mean for the nation and beyond. Plus, Joe Richman and Amanda Brand of the Radio Diaries project play us some candid audio.&nbsp;</p><div class="storify"><iframe allowtransparency="true" frameborder="no" height="750" src="//storify.com/WBEZ/morning-shift-lives-on-tape/embed?header=false" width="100%"></iframe><script src="//storify.com/WBEZ/morning-shift-lives-on-tape.js?header=false"></script><noscript>[<a href="//storify.com/WBEZ/morning-shift-lives-on-tape" target="_blank">View the story "Morning Shift: Lives on tape" on Storify</a>]</noscript></div></p> Wed, 16 Oct 2013 08:28:00 -0500 http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-10-16/morning-shift-inching-closer-debt-ceiling-deadline Psychology, the government shutdown, and you http://www.wbez.org/news/psychology-government-shutdown-and-you-108921 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/flickr_rpongsaj_0.jpg" alt="" /><p><p><br />With the government partially shut down and no end to the debt ceiling debate in site, Americans might find themselves feeling less than stellar about the dysfunction in Washington, D.C.</p><p>A recent NBC News/Wall Street Journal <a href="http://msnbcmedia.msn.com/i/MSNBC/Sections/A_Politics/_Today_Stories_Teases/Oct_poll.pdf" target="_blank">poll</a> found 60 percent of Americans might jump at the chance to fire every single member of Congress.</p><p>Whether it&#39;s anxiety or anger, political psychologists say how you respond to political news just a few milliseconds after hearing it could impact your actions long after.</p><p>WBEZ&rsquo;s Alex Keefe devised a little experiment to demonstrate how thoughts and feelings unfold during times of political crisis.</p></p> Tue, 15 Oct 2013 10:26:00 -0500 http://www.wbez.org/news/psychology-government-shutdown-and-you-108921 Morning Shift and Front and Center: The role of government in your life http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-10-15/morning-shift-and-front-and-center-role-government-0 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/Flickr by humbertomoreno_0.jpg" alt="" /><p><p>The ongoing shutdown of the federal government is bringing relevance to the question of the role of government. We talk to experts on the Constitution to discuss all side of the issue, and take a deeper dive into how the debt ceiling deadline will effect the economy. (Photo: Flickr/humbertomoreno)</p><div class="storify"><iframe allowtransparency="true" frameborder="no" height="750" src="//storify.com/WBEZ/morning-shift-role-of-government/embed?header=false" width="100%"></iframe><script src="//storify.com/WBEZ/morning-shift-role-of-government.js?header=false"></script><noscript>[<a href="//storify.com/WBEZ/morning-shift-role-of-government" target="_blank">View the story "Morning Shift and Front and Center: The role of government in your life" on Storify</a>]</noscript></div></p> Tue, 15 Oct 2013 08:29:00 -0500 http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-10-15/morning-shift-and-front-and-center-role-government-0 Local economists: Debt ceiling itself is bad idea http://www.wbez.org/news/local-economists-debt-ceiling-itself-bad-idea-104969 <p><p>Washington is yet again fighting over the debt ceiling, trying to pay the bills they&rsquo;ve racked up through deficit spending.&nbsp;Meanwhile some local economists say the debt ceiling itself is a bad idea.<br /><br />The University of Chicago&rsquo;s Booth School of Business has a panel of economists they <a href="http://www.igmchicago.org/">poll </a>about big policy issues.&nbsp;This time around, they posed this statement to some 40 academics about the debt ceiling: &quot;Because all federal spending and taxes must be approved by both houses of Congress and the executive branch, a separate debt ceiling that has to be increased periodically creates uneeded uncertainty and can potentially lead to worse fiscal outcomes.&quot;</p><p>Eighty four percent of the group said they &quot;agreed&quot; or &quot;strongly agreed&quot;.</p><p>&quot;It&rsquo;s crazy to raise doubts about whether or not we&rsquo;re gonna honor promises that we&rsquo;ve already made,&quot; said Anil Kashyap, an Economics and Finance professor from the University of Chicago.&nbsp;<br /><br />Kashyap says congressmen on both sides of the aisle need to focus more on finding actual solutions.<br /><br />&quot;Have an honest debate about the inconsistency between the level of taxation and the level of spending promises,&quot; he said.<br /><br />The Treasury department says it will run out of borrowing power sometime between mid-February and early March.<br />&nbsp;</p></p> Wed, 16 Jan 2013 16:32:00 -0600 http://www.wbez.org/news/local-economists-debt-ceiling-itself-bad-idea-104969 Debt 'super committee' nearly complete, at 9 members http://www.wbez.org/story/2011-08-10/debt-super-committee-nearly-complete-9-members-90360 <p><p>The new "Debt Supercommittee" created by the recent deficit ceiling deal now has 9 of its 12 members, as House Speaker John Boehner says Rep. Jeb Hensarling of Texas will co-chair the new committee, according to the AP.</p><p>The panel's task will be to create a bipartisan plan for cutting the federal deficit by around $1.5 trillion. That money could come from a combination of spending cuts and raising revenue.</p><p>If the panel fails to reach an agreement, automatic cuts would be made — and the automated cuts were crafted to be unpalatable to both of the major political parties.</p><p>In announcing Hensarling's slot, Boehner also named two representatives from Michigan, Dave Camp and Fred Upton, to the committee.</p><p>On the Senate side, Majority Leader Mitch McConnell has chosen Sens. Jon Kyl of Arizona, Pat Toomey of Pennsylvania and Rob Portman of Ohio to serve on the committee.</p><p></p><p>Some of their Democratic counterparts <a href="http://www.politico.com/news/stories/0811/60980.html">were named Tuesday</a>, as Senate Majority Leader Harry Reid named Sen. Patty Murray of Washington as the other co-chair of the panel. Joining her were Sens. Max Baucus of Montana and John Kerry of Massachusetts.</p><p>The last three Democratic choices will come from House Minority Leader Nancy Pelosi.</p><p>If you have more questions about the Super Committee, the watchdog website OMB Watch has <a href="http://www.ombwatch.org/files/budget/debtceilingfaq.pdf">posted a FAQ</a> about the panel. OMB Watch is one of several organizations calling for transparency in the committee's dealings. <div class="fullattribution">Copyright 2011 National Public Radio. </p> Wed, 10 Aug 2011 10:55:00 -0500 http://www.wbez.org/story/2011-08-10/debt-super-committee-nearly-complete-9-members-90360 Senator Durbin considers the future of the debt debates http://www.wbez.org/story/senator-durbin-considers-future-debt-debates-90277 <p><p>Illinois U.S. Sen. Dick Durbin has revealed a bit more about what the future of the federal debt debates will look like.</p><p>Part of the agreement that extended the debt ceiling called for the creation of a bipartisan congressional committee made up of senators and representatives. That 12-person committee would be responsible for planning more than $1 trillion in cuts.</p><p>On Monday, Durbin said, "What lies ahead is going to be interesting."</p><p>"If they approve it, that'll be the roadmap for the next $1.5 trillion in cuts," said Durbin. "If they don't approve it, automatic cuts take place, all on the spending side - nothing in entitlements, nothing in revenue. But they're pretty deep cuts."</p><p>The 12-person committee will have 10 weeks to come up with the proposal, which will require a majority vote to be passed. Durbin said he doesn't know who will be on the committee.</p></p> Mon, 08 Aug 2011 19:34:00 -0500 http://www.wbez.org/story/senator-durbin-considers-future-debt-debates-90277 How much do debt ratings matter? http://www.wbez.org/story/2011-08-08/how-much-do-debt-ratings-matter-90295 <img typeof="foaf:Image" src="http://llnw.wbez.org//npr_story/photo/2011-August/2011-08-09/frank_dodd_103019334_8094559.jpg" alt="" /><p><p>Standard & Poor's moved to downgrade housing lenders Fannie Mae, Freddie Mac and a handful of insurance companies Monday — all in connection to Friday's credit downgrade of long-term U.S. debt.</p><p>There's a lot of speculation about how much these risk downgrades are weighing on stock markets and whether they will continue to ripple through the economy. But there are systemic reasons that ratings matter less than they have in recent years.</p><p>Conventional wisdom says a U.S. downgrade would make Treasuries riskier. It would make yields — or interest rates — rise.</p><p>In fact, bond markets did the opposite on Monday. In spite of S&P's higher risk assessment of U.S. debt, demand for Treasuries kept flooding in.</p><p>The easy explanation for this is that Europe is consumed with its own debt crisis, which makes the U.S. the safer bet. But the significance of ratings has also changed.</p><p>"Ratings are becoming less important across the board," says Kent Smetters, a professor at the Wharton School.</p><p>He says ratings were more powerful just a few years ago. They amplified the boom, then the bust of mortgage securities.</p><p>"The ratings really played a key role in getting a lot of capital into the mortgage market," Smetters says. "That has obviously retrenched quite a bit. Insurance companies today do not put a lot of capital to work based on ratings agencies alone."</p><p>The Dodd-Frank financial reform bill passed a year ago is also responsible for taking the importance of ratings down a peg. The law requires banks and insurance companies, for example, to hold more capital based on the risks of their assets. The riskier their assets, the more money they have to keep on hand.</p><p>In the past, regulators measured that risk using ratings like those by S&P and Moody's. But the new law, once fully implemented, will change that.</p><p>Risks of all sorts of securities will be measured in other ways — for example, internal assessments — but they won't be pegged to a ratings agency's verdict.</p><p>The Federal Reserve is underscoring the move away from ratings agencies. Soon after S&P announced its downgrade on Friday, the Fed said it would not require banks and other institutions to hold more capital because of the change.</p><p>Ratings used to also guide a lot of institutional investors, but that doesn't happen much anymore.</p><p>"I could see few, if any instances in which pension funds would need to rush to sell any assets as a result of the downgrade of the United States Treasury debt," says Keith Brainard, research director for the National Association of State Retirement Administrators.</p><p>Brainard says that over the past two decades, pensions have changed the language of their investment guidelines to rely less on ratings.</p><p>Analysts point to other reasons people have lost faith in ratings in recent years. They cite a 2002 downgrade that had no impact on Japan. They say ratings agencies acted long after bond markets had digested state budget problems in California or Illinois.</p><p>"The markets do not believe that S&P is right," says Karen Petrou, managing director of Federal Financial Analytics.</p><p>She says if anything, people are jumping from stock markets into Treasuries because of their relative safety.</p><p>"The alternative to Treasuries is the mattress," she says.</p><p>Petrou says she believes investors over the weekend got spooked that stock markets would fall, and that's what triggered a stock sell-off, not the downgrade itself.</p><p>"The markets are so volatile right now that forecasting any long-term impact on mortgage rates or car interest rates, I think it's premature," she says.</p><p>If the economy is a plane, she says, the ratings system measures altitude. And it's broken, but so is the landing gear, and the engine isn't working, either. <div class="fullattribution">Copyright 2011 National Public Radio. </p> Mon, 08 Aug 2011 15:08:00 -0500 http://www.wbez.org/story/2011-08-08/how-much-do-debt-ratings-matter-90295 S&P's U.S. downgrade a warning to end partisan business-as-usual http://www.wbez.org/story/2011-08-05/sps-us-downgrade-warning-end-partisan-business-usual-90209 <img typeof="foaf:Image" src="http://llnw.wbez.org//npr_story/photo/2011-August/2011-08-05/Currency_Flickr_epSos.de_.jpg" alt="" /><p><p>President Obama may have escaped for the moment at least becoming the first U.S. chief executive to preside over a U.S. government default on its debts.</p><p>But he now holds the dubious distinction of becoming the first president on whose watch the nation's debt was downgraded by a major credit-rating agency as Standard & Poor's on Friday cut the rating on U.S. long-term debt to AA-plus from the highest level, AAA.</p><p>In its news release issued after U.S. financial markets in the U.S. closed, S&P said in part:</p><p><blockquote></p><p>We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.</p><p></blockquote></p><p>The downgrade is guaranteed to become a major piece of evidence used by Obama's political opponents against him as they make the case that he has failed to lead the nation and should not be rewarded with a second term.</p><p></p><p>Almost as if on cue, the campaign of Mitt Romney, frontrunner for the Republican presidential nomination, issued the following statement:</p><p><blockquote></p><p>"America's creditworthiness just became the latest casualty in President Obama's failed record of leadership on the economy. Standard & Poor's rating downgrade is a deeply troubling indicator of our country's decline under President Obama. His failed policies have led to high unemployment, skyrocketing deficits, and now, the unprecedented loss of our nation's prized AAA credit rating. Today, President Obama promised that 'things will get better.' But it has become increasingly clear that the only way things will get better is with new leadership in the White House."</p><p></blockquote></p><p>The president's political future will clearly rest partly on whether he is able to convincingly refute such charges. He will have to persuade voters that he was more sinned against than sinning in the political dysfunction that existed even before Republicans took over the House in January.</p><p>To the extent that downgrade of U.S. debt adds to the overall impression on voters' part that the nation is on the wrong track, the president's chances for re-election may have worsened Friday.</p><p>Clouding the situation is that S&P made a math mistake in its earlier analysis to the tune of $2 trillion which the Treasury Department discovered Friday and brought to the ratings agency's attention.</p><p>The White House's immediate response after the S&P action, was to accuse the ratings agency of acting in haste and making an even larger error than its math mistake by proceeding with the downgrade.</p><p>The Obama administration's first instinct appeared not to be to blame Republicans, especially the Tea Party, for playing a role in the downgrade. But that could change in the coming hours, days and weeks.</p><p>Meanwhile, congressional Republicans have plenty to worry about, too. Recent surveys of public attitudes by the most credible polling organizations have repeatedly indicated that Americans faulted the GOP more than Obama for how the recent debt-ceiling fight played out.</p><p>Republicans are perceived by voters as being less willing to compromise. GOP leaders have even encouraged that view by suggesting that the very idea of making concessions is antithetical to them, a violation of their principles. And they did so even as Obama positioned himself as being willing to deal.</p><p>Republican presidential candidates also run the risk of turning off many voters, especially political independents, if they seem more concerned about using the downgrade to gain a partisan edge over Obama than offering credible policy solutions.</p><p>S&P's action was clearly a rebuke of both Republicans and Democrats as it warned that if the current partisan dynamics in Washington don't change, further downgrades could occur.</p><p>The ratings agency expressed what amounted to a fatalistic sounding disappointment that Washington policymakers seemed so dug into their partisan positions, that the nation's mounting fiscal problems were being given short shrift.</p><p>Another excerpt:</p><p><blockquote></p><p>The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.</p><p></blockquote></p><p>The first response from House Speaker John Boehner appeared to put the onus for the S&P action on Democrats, he ignored S&P's clear reference to revenues:</p><p><blockquote></p><p>"In May, I warned, 'if we don't act boldly now, the markets will act for us very soon.' It is my hope this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our long-term debt problem. As S&P noted, reforming and preserving our entitlement programs is the 'key to long-term fiscal sustainability.' "</p><p></blockquote></p><p>Boehner's statement, with its partisan fingerpointing and silence on the need for new tax revenues, represented just the sort of partisanship and unwillingness to put everything on the table, that caused the ratings agency to downgrade the U.S. debt in the first place.</p><p>In this respect, Obama may be in somewhat better position than the Republican leadership since he, at least, has been open to the idea of reforming entitlements while Republican leaders have said publicly that increasing tax revenues is a non-starter.</p><p>S&P has underscored with the downgrade heard 'round the world that the positions of hardliners on either the entitlements-are-untouchable side or the anti-tax side of the policy debate are untenable.</p><p>There is the possibility, however, that the ratings downgrade could actually provide Republican leadership with some political cover, however. It could give them the necessary space to accept what many experts from both parties say is the only way the nation's long-term fiscal problems can be solved, through a combination of cuts to entitlement benefit and tax increases.</p><p>It could allow Republicans to shift their position on taxes toward at least admitting the possibility of raising some taxes in order to prevent future downgrades.</p><p>If Republican leaders react that way, they could turn to the proposal by the Senate's "gang of six" which includes measures that would raise tax revenues.</p><p>It could also allow more Democrats, like Rep. Nancy Pelosi, the House minority leader, to move off her position that entitlements can't be touched.</p><p>By moving now with a downgrade, S&P may have also changed the political calculus for congressional leaders who must choose who will represent the parties on the super committee of 12 lawmakers. The panel's task will be to recommend, by the end of the year, $1.5 trillion worth of spending cuts to be made over ten years.</p><p>Those cuts would be in addition to the nearly $1 trillion in cuts over the same time period that debt-ceiling negotiators agreed to in order to end the governing crisis that brought the nation to the brink of default.</p><p>Whether S&P's move will have the intended effect on the nation's political actors was unclear. Even before the debt-ceiling crisis ended, the ratings agency had warned that an agreement might not prevent a downgrade. It would take credible deficit-reduction action on the part of Washington policymakers.</p><p>Also, some Republicans discounted the impact of a downgrade, saying the nation's fiscal situation was so precarious that its debt deserved to be downgraded.</p><p>If the downgrade results in significant additional financial and economic distress for American voters, that stance may not be a popular one to hold.</p><p>Further, recent polls have also indicated that the Tea Party has lost popularity. If voters come to blame the grassroots movement for the loss of national prestige and pride that goes with the downgrade, the Tea Party could find itself falling even further in public approval and end up losing its sway in American politics as quickly as it gained it.</p><p>One of the most important aspects of the S&P decision may be to give the nation's political leaders the courage and new evidence so that they can go to the American people to make the case for what will be unpopular policies — both tax increases on not just the wealthiest Americans but the middle class, too, and benefit cuts.</p><p>Experts say both are necessary to make real inroads. But most Americans have generally been opposed to both. But the downgrade gives such policies new urgency. <div class="fullattribution">Copyright 2011 National Public Radio. </p> Fri, 05 Aug 2011 21:42:00 -0500 http://www.wbez.org/story/2011-08-05/sps-us-downgrade-warning-end-partisan-business-usual-90209 Emanuel backs President Obama in the face of RNC criticism http://www.wbez.org/story/emanuel-backs-president-obama-face-rnc-criticism-90092 <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-August/2011-08-03/AP110803032827_0.jpg" alt="" /><p><p>Chicago Mayor Rahm Emanuel is hitting out at republicans who have <a href="http://ww.wbez.org/story/illinois-gop-criticizes-obama-birthday-fundraiser-90082">been criticizing his former boss</a>.</p><p>Republican Presidential candidate Mitt Romney ridiculed President Barack Obama's handling of the economy and debt ceiling debate this week. He also released a video called "Obama Isn't Working: Chicago," that said Chicago's economy has been struggling since Mr. Obama took office.</p><p>But Emanuel said Romney "wanted to see [America] go bankrupt."</p><p>"I'd just like to note to the governor in case he needs a rendezvous with his record, when he was governor, Massachusetts was 47th out of 50 in job production," said Emanuel. "In case he forgot that, I'd like to remind him of that."</p><p>Emanuel also praised Obama for his willingness "to do the unpopular things, the necessary things, to keep this country moving forward."</p><p>"I have great admiration for his…willingness not to do the politically easy thing, to do the tough things," said Emanuel. "Many times, I can say that, because sometimes I was advising to do the politically easier thing to do, and he has rejected that advice, because it was not good for the country in the long run."</p><p>Emanuel was Mr. Obama's chief of staff before resigning to campaign for mayor of Chicago. President Obama was in Chicago Wednesday for two fundraisers in celebration of his 50th birthday, which is Thursday.</p><p style="text-align: center; "><iframe allowfullscreen="" frameborder="0" height="349" src="http://www.youtube.com/embed/DjOfuPo_vzU" width="560"></iframe></p></p> Wed, 03 Aug 2011 21:54:00 -0500 http://www.wbez.org/story/emanuel-backs-president-obama-face-rnc-criticism-90092 Joining Fitch, Moody's also affirms U.S. credit rating http://www.wbez.org/story/2011-08-03/joining-fitch-moodys-also-affirms-us-credit-rating-90036 <p><p>Echoing what <a href="http://www.npr.org/blogs/thetwo-way/2011/08/02/138929355/in-light-of-budget-deal-fitch-ratings-says-u-s-keeps-triple-a-rating">Fitch Ratings said yesterday</a>, Moody's Investor Service said it is keeping a triple-A credit rating for the United States. <a href="http://abcnews.go.com/Business/us-debt-rating-economists-wait-hear-sp/story?id=14212335">Bloomberg reports</a> that the announcement also came with a warning that a downgrade is still possible if the country doesn't take on debt reduction:</p><p><blockquote></p><p>The outlook for the U.S. grade is now negative, Moody's said in a statement yesterday after President <a href="http://topics.bloomberg.com/barack-obama/">Barack Obama</a> signed into law a plan to lift the nation's borrowing limit and cut spending following months of wrangling between Democratic leaders and Republican lawmakers.</p><p>The compromise "is a positive step toward reducing the future path of the deficit and the debt levels," <a href="http://topics.bloomberg.com/steven-hess/">Steven Hess</a>, senior credit officer at Moody's in New York, said in a telephone interview yesterday. "We do think more needs to be done to ensure a reduction in the debt to GDP ratio, for example, going forward."</p><p></blockquote></p><p>During the debt ceiling debate, all three major ratings agencies warned the U.S. that if it did not raise the debt ceiling and enact a deficit-cutting budget, it faced a downgrade of its triple-A credit rating.</p><p>Now, the only agency that hasn't made a statement after the budget deal was enacted by President Obama, yesterday, is S&P.</p><p><strong>Update at 7:54 p.m. Chinese Agency Cuts U.S. Rating: </strong></p><p>Dagong Global Credit Rating, which Reuters calls a "a relative newcomer to sovereign debt rating realm and little known outside of China," announced that it was downgrading the United States' rating from A-plus to A.<a href="http://in.reuters.com/article/2011/08/03/idINIndia-58591220110803"> Reuters reports</a>:</p><p><blockquote></p><p>It said the deal reached by Congress and signed into law by President Barack Obama may further erode the country's debt paying ability in the coming years, and the agency issued a negative outlook for the United States.</p><p></blockquote> <div class="fullattribution">Copyright 2011 National Public Radio. <img src="http://metrics.npr.org/b/ss/nprapidev/5/1312382364?&gn=Joining+Fitch%2C+Moody%27s+Also+Affirms+U.S.+Credit+Rating&ev=event2&ch=103943429&h1=National+News,Economy,The+Two-Way,Business,News&c3=D%3Dgn&v3=D%3Dgn&c4=138948269&c7=1017&v7=D%3Dc7&c18=1017&v18=D%3Dc18&c19=20110803&v19=D%3Dc19&c20=1&v20=D%3Dc20&c31=127602855,127602331,103943429&v31=D%3Dc31&c45=MDA0OTc2MjAwMDEyNjk0NDE4OTI2NmUwNQ001"/></div></p></p> Wed, 03 Aug 2011 06:40:00 -0500 http://www.wbez.org/story/2011-08-03/joining-fitch-moodys-also-affirms-us-credit-rating-90036