News
Market Watch | Moody's: Budget talks key to U.S. rating outlook
Analysts at Moody's Investors Service would like to see some constructive action taken by the White House and Capitol Hill on the federal debt, saying in a report Tuesday that this would be a key factor in determining whether the agency will change its ratings outlook for U.S. government debt.
National Journal | Six-Month CR Could Avert Lame-Duck Spending Fight
Republicans are seeking quick passage of a stopgap measure to fund the government for six months beyond the end of the fiscal year on Sept. 30. Conservatives this summer agreed to an $8 billion spending increase in the bill to avoid complicating the upcoming lame-duck session with a squabble over short-term spending.
Blogs
Neighborhood Effects | Central Falls bankruptcy exit plan approved
In what is described as, “the quickest bankruptcy adjustment in U.S. history,” Central Falls, Rhode Island has reached an agreement to exit from bankruptcy with a plan that will fully repay bondholders (including any legal fees incurred), while slashing worker pensions by as much as 55 percent.
WSJ | Consumer Debt Declines, Even as Student Loans Grow
Consumer credit declined from June by a seasonally adjusted $3.28 billion to $2.705 trillion, a Federal Reserve report showed Monday. Consumer credit declined at a 1.45% annualized rate during July, its first contraction since a 3.95% decline in August 2011.
