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Viewing entries tagged obama
Posted by Matthew BoreenMatthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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The United States AAA credit rating was downgraded for the first time by Standard & Poors, claiming the nation’s political process is broken and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits.
Not only did they lower the credit rating to AA+, the outlook is still considered “negative” as it becomes less confident the U.S. will end Bush-era tax cuts or tackle entitlements. If spending reductions are lower than agreed to, interest rates rise, or new fiscal pressures result in more government debt, the rating may be cut to AA.
Tags: AA+ credit rating, AAA credit rating, bush tax cuts, credit downgrade, credit rating downgraded, debt ceiling, democrats, mortgage rates, obama, obama debt ceiling, republicans, standard & poors, united states credit, us credit rating, us debt ceiling Posted by Matthew BoreenMatthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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The US has finally come together and solved our debt ceiling crisis. Everything is back to normal...
Obama has completely backed off his demand for new revenue in the deal that passed the House a few days ago to raise the debt ceiling and cut the deficit. Several lawmakers have said they don’t know whether he can be counted on to stand firm on raising taxes on the wealthy and protecting programs such as Medicare.
Tags: AAA credit rating, AAA rating, barack, barack obama, credit rating, debt ceiling, lending rates, mortgage industry, mortgage rates, obama, us economy Posted by Matthew BoreenMatthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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“I'm not concerned about a double-dip recession," President Obama said at a press conference at the White House. "I am concerned the recovery we're on is not producing jobs as quickly as I'd like. We are on the path to recovery, but it's got to accelerate."
on Saturday, 06 August 2011 in Real Estate One Stop Shop Blog