By Rick Manning – There is a new phrase that is being bandied about in these hard economic times that should be frightening to anyone who believes that America’s rightful place in the world is on top of the economic pecking order – the “New Normal.” Surprisingly, […]

By Robert Romano – AA is now Barack Obama’s scarlet letter.  He is the first President to preside over a downgrade of our full faith and credit, and it is owed to no less than Obama’s $1 trillion annual expansion of the now $14.5 trillion national debt, […]

For the first time in modern history, the U.S. credit rating is less than AAA. S&P’s has downgraded the U.S. credit rating to AA+. S&P’s specifically called out the debt plan that Congress passed and Obama signed earlier this week. According to S&P’s, the plan […]

Another reason why Monday’s debt-ceiling deal was bad: A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. […]

The unemployment rate for July dipped slightly to 9.1%.

By Robert Romano – As the poor economic data continues to come in, the bad just gets worse. Poor manufacturing numbers, growth revised downward to nearly zero for the first quarter, and now lower-than-expected consumer spending all weigh on the weakest economic recovery in modern history. Housing […]

By Kevin Mooney — By refusing to set up a health care insurance exchange system that could be used to advance ObamaCare regulations, Gov. Bobby Jindal has cut a path that other state officials should follow, argue analysts with the Cato Institute. However, other leading […]

By Robert Romano – In a recent column for the Wall Street Journal , Holman Jenkins criticized rating agencies for threatening to downgrade the United States’ Triple-A credit rating because, he writes, “the debt to bondholders will be the last to be dishonored.” As such, the U.S. is nowhere near default. That may be so — […]

By Howard Rich – Last week a gleeful American press corps celebrated the most recent “European” bailout of Greece. In fact, one major wire service blissfully concluded that this $230 billion infusion of cash would “end the region’s debt crisis.” Of course such unfounded optimism […]

Boehner’s debt plan is in jeopardy in the House of Representatives. Republican Study Committee (RSC) Chairman Rep. Jim Jordan has come out against the plan . Rep. Jordan stated, “While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon.” Further, […]