Tag Archives: U.S. Debt Downgrade

Debt Ceiling Debate and U.S. Credit Downgrade Intensifies Uncertainty; Risk to Economy Heightened

August 12, 2011 Down-to-the-wire debt ceiling debate and the subsequent downgrade of U.S. debt intensified uncertainty and fear among businesses and consumers, leading to heightened caution and the rising potential of an economic stall. Negative forces, including the spike in energy prices, supply-chain disruptions in Japan, sovereign debt issues abroad, and a housing double-dip had […]