US Credit Rating

Obama: There Are No Winners Here

President Obama said though the U.S. narrowly avoided a possible credit downgrade, partisan politics isn't the way to deal with fiscal differences. Fiscal Nightmare Averted...For Now: President Signs Debt Ceiling Legislation

5 Reasons Not to Bet Against America's $15.7 Trillion Economy

Even as the stock market has cruised to record highs, high unemployment, political dysfunction and slow economic growth have curbed enthusiasm for the recovering U.S. economy. While it’s tough to argue that challenges don't still loom, focusing too much on those negatives can obscure a strong bullish case to be made in favor of what is still the world’s largest economy. Unlike crisis-ravaged Europe and credit-addicted China, the U.S. has at least five key characteristics that support its $15.7 trillion economy: record profits, leading innovation, resurgent energy production, stabilizing housing and banking markets and relatively favorable demographics. “If you’ve been pessimistic about the United States’ future and avoided investing in U.S. stocks, we think  it’s time to reconsider. That’s especially true if you’re holding a large position in cash alternatives that’s providing little or no returns,” Wells Fargo Advisors wrote in a special report last week.

20 Surprising Facts About the U.S. Economy

These 20 facts about the U.S. economy may leave you shaking your head. They were uncovered by FOX News researchers Mitchell S. Kweit, Steven Joachim, Mark Rigby, Bryan Murphy and Mark Bentley and obtained from government agencies that include the U.S. Treasury Dept., U.S. Census Bureau, the Bureau of Labor Statistics, the Social Security Administration, Congressional Research Service and the Federal Reserve.