Credit rating agencies, other than S&P, have downgraded the US already. One credit rating agency even rated the US just one notch above junk.
Double-dip recession could be coming, but it doesn't have to be. As Americans are becoming fearful of a double-dip recession, lawmakers in Washington are obsessing over the wrong things.
S&P's downgrade of the US credit rating might not actually be such a bad thing. Sure, the US may see things get a little worse, but ultimately, the downgrade is a step in the right direction.
Medicare and health care costs were an insignificant part of the budget talks. If health care costs keep growing faster than GDP, can we ever come up with a solid debt deal?
Investment portfoliso can be managed without relying on a broker. Answer No. 6 in reader mailbag shows where to start reading for a do-it-yourself investment portfolios.
Many analysts and market watchers, whose job it is to warn of impending real estate bubbles, have trained their sights on China. It's easy to see why. The economy has expanded an average 10 percent a year for the past 30 years, an incredible growth rate. Average housing prices tripled between 2005 to 2009 alone. But here are three reasons Chinese real estate has more room to run on the upside before the good times end:
Business credit cards don't come with the same protections as personal credit cards. Unless you own a business, you don't need a business credit card.
Cargill's Aug. 3 recall of 36 million pounds of ground turkey is the latest in a string of high-profile food recalls in the United States. The volume of meat recalled was a quarter of the largest meat recall on record, but it was linked to far more health effects. The Centers for Disease Control estimates that more than 15 percent of Americans – some 48 million – become ill from food-borne pathogens each year. Most outbreaks are local events; a few are national in scope. Here's a look at some of the biggest food recalls in the past five years: