It’s as predictable as clockwork: Something terrible happens, a debate erupts over who is responsible, and soon we get Very Serious People telling us that the blame game is not what we need right now. Here's why they're wrong.
To be downgraded is a national disgrace. It comes about via a political battle that should never have been fought.
Insight on what's ahead for Wall Street following the worst weeks since March 2009, with Jack Bogle, The Vanguard Group.
Insight on what the Fed's next steps will be, with Robert Heller, former Federal Reserve governor.
The dollar deflates, the euro loses steam, and Moody's wants Japan to leave the yen alone - time for your FX Fix.
We will have to wait to see how the downgrade affects investing behavior, says Neel Kashkari, Pimco managing director, who says the nation's debt is not triple A.
S&P was correct and generous in its small downgrade, says Ken Rogoff, Harvard University economics professor. He added that the timing is reasonable.
Warren Buffett says there's no question that the United States' debt is still AAA and that he's not changing his mind about Treasurys based on S&P's downgrade.
"The American people need to know that nothing is going to change without some pain for them," says Kenneth Langone, Invemed Associates chairman/CEO. "We're going to pay our debt but who is going to get screwed in the long run? The poor guy that's living on fixed income because inflation will take it's toll," says Langone.
Short-term, the downgrade may not impact banks but the overall reaction from markets and the economy is a concern, says John Kanas, BankUnited chairman, president/CEO.
Standard & Poor's downgrade of the US' credit rating from AAA on Friday, was "absurd", Richard Portes, professor of economics at the London Business School, told CNBC Monday.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
The decision by Standard & Poor's to cut America's debt rating is, in Alan Greenspan’s view, bad for America’s state of mind.
The sovereign debt crises on both sides of the Atlantic has created what some analysts are calling an "ugliness contest" between the U.S. dollar and the euro, and experts remain split on which of the two currencies are a safer bet.
The U.S. doesn't deserve a AA-plus credit rating, much less triple-A, commodity bull and noted investor Jim Rogers told CNBC on Monday.
After Standard and Poor's historic downgrade of the U.S.'s credit rating to AA-plus from triple-A, fears are growing that other countries may be next, most notably France, which is facing big costs from a bailout of troubled Euro zone countries.
Stanley J. G. Crouch, Aegis Capital Corp, and Jerry Webman, Oppenheimer Funds, discuss how to invest in the markets on the heels of the US debt downgrade.
Mohamed El-Erian, CEO & co-CIO, says the US downgrade heralds a new financial era.
David Beers, Standard & Poor's head of government debt rating unit, explains why S&P downgraded the United States' credit rating from AAA to AA . Veteran investor Jim Rogers also weighs in.
David Beers, head of S&P's government debt rating unit, explains S&P's reasoning behind the downgrade of US sovereign debt.