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Moody’s warns it may strip U.S. of triple-A credit rating
Moody’s warned Tuesday it could strip the United States of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden. “Budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the US government’s Aaa rating and…
Sarkozy tries to limit damage after France downgrade
President Nicolas Sarkozy struggled Saturday to contain the damage after France was stripped of its top triple-A credit rating just three months ahead of the right-wing leader’s re-election bid. He sent his prime minister to face the press and try to convince skeptical voters that Standard & Poor’s rating was…
Asian markets mixed on US, France debt woes
Asian markets were mixed Tuesday after a US committee charged with finding a deal to cut the nation’s huge deficit said it had failed, while worries over France’s credit rating also depressed sentiment. Investors extended the broad sell-off to a fifth straight session as leaders on both sides of the Atlantic struggle to…
Save your marriage or save your credit
Lindsay Beyerstein catches an important story—an FTC lawsuit against CompuCredit Visa has revealed some of the unusual things that will get held against your credit rating. Oh, it’s not just your income or your borrowing history. Nope. You’re considered a credit risk if you travel more than to work and…
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