CNBC's Mary Thompson has a market check and John Harwood has the details on Treasury Secretary Geithner's position on the economy.
Standard & Poor’s went ahead with its downgrade of the United States' long-term credit rating.
The downgrade of U.S. sovereign debt by Standard & Poor's has provoked a range of reaction, from faith in the democratic process to derision about the politicians whose wrangling prompted S&P's action. S&P hasn't been immune from criticism either.
The European Central Bank decided it had to act over the weekend, but they could have taken bolder action by making a "drastic cut in interest rates" because they have a couple trillion euros as a backstop, Cramer said Monday.
This financial situation is no joke, but when times get tough, Americans cope by cracking wise.
Insight on what investors should do and how to protect your portfolio, with James Paulsen, Wells Capital Management; Jim Lacamp, Macro Portfolio Wealth Management; Alan Valdes, DME Securities, and the CNBC news team.
In the U.S., is it the fall of the Roman Empire or will our anemic growth pick up steam and help us out of the economic doldrums? Here are five questions to ask.
Insight on the impact the debt downgrade will have on banks, with Fred Cannon, Keefe Bruyette & Woods director of research/chief equity strategist.
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”.