U.S. lawmakers must make credible progress this year on a long-term deficit-reduction strategy or risk losing Fitch Ratings' top AAA grade on U.S. government debt, Fitch warned Wednesday. Fitch said it would not immediately cut its rating if Congress …
"Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37)," reports Mark Knoller of CBS.
Excerpted from the letters of George H.W. Bush: The 41st president on the 2000 election, how to spend spring break and strategies for snoozing in a meeting.
In December, with the ‘fiscal cliff’ looming, a stream of executives poured into Washington armed with suggested solutions. This week, the response has been muted.
Little in the debate over mandated spending cuts has engendered the rancor of the U.S. Navy’s decision to delay deploying an aircraft carrier to the Persian Gulf.
As a deal to break a budget impasse failed to emerge on Friday, both the president and his Republican adversaries said they would not carry the fight over the cuts into the coming effort to finance the government.