Categoria: Debt

Editorial The Debt Alarm Is Heard

As negotiators in the debt-ceiling talks sputtered and raged, the chill reality of an imminent government default crept up Wednesday and made a mockery of their gamesmanship. Two major rating agencies warned that a once-unthinkable downgrade of the nation’s credit rating would be at hand if this crisis was not immediately defused. That finally punctured …

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