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This may be the only way to blunt the credit ratings agencies' power or, better, make them disappear.
The deal is the first significant step in decades toward expanding the agencies' power and financial strength.
For decades, the government issued rules that banks, mutual funds and others could rely on a AAA stamp for investing decisions — which bolstered the agencies' power.
The Senate approved a seven-month extension of the agencies' power to sell bonds on behalf of nonprofit organizations, which had expired on June 30.
Several high-profile cases, notably Vivendi in France, were trapped in liquidity crises as a result.The agencies' power raises questions about their role and methods that have not been fully answered.
A legislator from Mr. Fox's National Action Party, Emilio Goicoechea Luna, said he was working with the transition team to prepare legislation that would increase regulatory agencies' power, notably in enforcement.
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A spokesman announced that the president would soon issue new rules to limit the agencies' powers.
It recommends that the agencies' powers are set out clearly and unambiguously under a new law.
The more we are told about the agencies' powers, the more we find we do not know.
A compelling explanation, however, involves the threat that legislative change poses to the various agencies' powers and budgets.
The encryption keys give the US and UK security agencies powers to circumvent resistance by other countries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com