Nov 27 2011 ∞
Nov 21 2011 ∞
“ U.S. credit rating companies have made it clear that, while a failure of the supercommittee might not lead to a credit downgrade, undoing the automatic cuts probably would. Moody’s said the lack of a supercommittee agreement wouldn’t on its own cause the U.S. to lose its top credit ranking because the August debt-ceiling deal includes $1.2 trillion in automatic cuts.
— Over the next few days you’re likely to see moves to undo the automatic spending cuts that will be triggered by the supercommittee’s failure to reach any agreement. Half the cuts would come from defense spending and since many entire Congressional districts are kept economically viable by defense spending this would be considered political unacceptable. Expect investors to push back.
Nov 15 2011 ∞
Aug 12 2011 ∞