Gail Russell Chaddock

Was S&P right? Congress responds to credit downgrade with sniping

Was S&P right? Congress responds to credit downgrade with sniping Congress’s response to the downgrading of the US credit rating Friday was to fall back on partisan talking points – a response that tends to confirm Standard & Poor’s criticism that the US may lack the political capacity to solve its debt crisis. Republicans called …

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National debt-ceiling deal: Why did that take so long?

The House has passed the debt-ceiling deal. The Senate seems certain to follow suit Tuesday, and the president will sign it into law. For the moment, at least, a potential economic crisis has been averted. But should it have taken this long? Like the budget battle before it, the debt-ceiling crisis revealed that ideological pledges …

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