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The new rules, in line with a global push to improve the reliability of debt ratings that played a key role in the financial crisis, aim to make agencies more accountable.
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Major credit rating agencies have called the reliability of American government debt into question, warning that they could issue a punishing series of downgrades if Congress does not increase borrowing authority by early August.
With the prospect of a U.S. default now a real possibility, major credit rating agencies have called into question the reliability of the nation's debt, which investors consider the safest asset in the world.
We did not, however, have any test of reliability and validity for our measures of debt and empowerment.
Instead of increasing the retirement age we should prolong high-school a few years.Mario Zapata Wilton, ConnecticutSIR – It is extraordinary to me, how, after the failure of fiscal austerity to "reassure" bond markets over the reliability of Greek, Irish and Portuguese debt, The Economist does not draw the obvious conclusion that such measures do not work.
Stay out of debt.
Son of Debt Ceiling.
$69.4 million of debt securities.
Massachusetts, $51 million of debt securities.
It is composed of debt.
California, $5.4 billion of debt securities.
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