Scott Horsley
Stories
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National
Treasury officials report little fallout after the government's credit rating drop
Treasury officials say they've seen little fallout so far from the loss of the government's Triple-A bond rating. The Fitch rating agency downgraded government debt, citing a governance deterioration.
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Business
U.S. loses its top AAA rating from Fitch over worries about the nation's finances
Rating agency Fitch has cut the U.S.' credit rating, lowering it by one notch from the top grade. It cited big government deficits and a deterioration in governance over the last two decades.
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Politics
The U.S. loses its top AAA rating from Fitch over worries about the nation's finances
Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades. The action drew a sharp rebuke from the Biden administration.
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National
Fitch drops the United States' credit rating to AA+
Fitch Ratings cut the U.S.'s rating by one notch, moving it from the previous top-rated AAA to AA+, citing worsening governance as a key factor — just months after the country averted a debt default.
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Business
Could the U.S. still see a recession? A handy primer about the confusing economy
A string of encouraging reports is raising hope about the economy — but worries of a possible recession have not gone away. Here's why.
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Politics
The federal deficit nearly tripled, raising concern about the country's finances
The federal government's budget gap widened significantly in the first nine months of the fiscal year, as tax receipts slumped and spending increased.
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Politics
Why inflation is losing its punch — and why things could get even better
Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.
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Business
Inflation eases to its lowest in over two years, but it's still running a bit high
Consumer inflation hit 3% in June, the lowest since March 2021. Though easing prices will be comforting to the Federal Reserve, inflation is still running higher than the central bank would like.
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Politics
The job market is cooling but still surprisingly strong. Is that a good thing?
U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.
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Business
The U.S. added 209,000 jobs in June, showing that hiring is slowing but still solid
U.S. employers added 209,000 jobs in June, marking another respectable month of job growth, though it was slower than in previous months.