FUBAR

U.S. credit rating downgraded: Blame game begins

U.S. credit rating downgraded: Blame game begins

Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation’s sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile United States’ economy. The back and forth came after Standard & Poor‘s, one of the world’s three major credit rating […]

Public disapproval of Congress at all-time high

Public disapproval of Congress at all-time high

Disapproval of Congress rose to an all-time high after weeks of rancorous partisan battles over raising the U.S. debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Thursday. A record 82 percent of Americans now say they disapprove of the way Congress is […]

American public thinks the debt deal sucks

American public thinks the debt deal sucks

President Barack Obama and Congress may have a debt deal that averted financial disaster — for now — but many Americans think the deal will make the economy worse, not better. Only 17 percent of those questioned in a USA/Gallup Poll taken right after Obama signed legislation raising the debt limit think the deal that […]

Obama can talk jobs but he can’t fix the problem

Obama can talk jobs but he can’t fix the problem

The United States has a jobs problem and there’s not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it. In the face of rising risks of a recession that could imperil his re-election chances next year, Democrat Obama wants Congress to extend a payroll tax cut and emergency unemployment […]

With debt deal done, Obama hits campaign trail

With debt deal done, Obama hits campaign trail

President Barack Obama will take a three-day campaign-style bus tour through the American Midwest this month, as he tries to refocus attention on jobs seen as vital to his chances of winning re-election in 2012. The president will be on the road between August 15 and August 17 “listening” to the American people about jobs […]

Many lose, few win in debt deal debacle

Many lose, few win in debt deal debacle

The chaotic and often ugly debt-ceiling talks managed to avert a potential economic catastrophe but inflicted new damage to the political reputations of most of the key players. The 11th-hour deal to raise the federal government’s debt ceiling and avoid default was a rare Washington compromise — it produced few clear winners and losers but […]