U.S. DEBT

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AAA Debt Rating: What Would Life Be Like Without it?

At the end of the day there is nothing sacred about that AAA stamp on Washington IOUs. Since the popular press has done a good job in linking the Aug. 2 deadline with the future of the U.S. credit rating, many believe that getting a debt authorization increase by this date will protect it. That would be naïve.

Obama Says Wealthy Must Pay Fair Share

WASHINGTON - President Barack Obama appealed for public support Saturday to push Congress to avert an unprecedented default on America's national debt as lawmakers worked on dual tracks to reach an el...
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Gold Soars To Record High

CBC -- The price of gold hit a record high Wednesday as investors continued to flock to the precious metal as a perceived safe haven amid global financial turmoil. In early New York trading, August go...