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City Begins Budget Process for Fiscal Year 2025 – Everett Independent everettindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from everettindependent.com Daily Mail and Mail on Sunday newspapers.
Everett on Strong Financial Footing As Fiscal Year 2024 Budget Process Begins – Everett Independent everettindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from everettindependent.com Daily Mail and Mail on Sunday newspapers.
The possibility that the u.s. could be downgraded by one of these credit agencies. i think confidence has already eroded some. it has. and we have seen evidence from around the world, including a key credit agency fitch that issued a stern, stern warning. right. we got a taste of this in august 2011 we got close to the debt ceiling deadline then. s&p, standard & poor s downgraded it from triple a to a double a plus. that s what fitch is basically saying get your act together. fitch still lists u.s. as aaa, the highest possible quality of credit. but we should all be concerned that the credit agency s concern is that the u.s. is on its radar for a possible downgrade. but it s not likely that congress can actually pull off the deal and raise the debt ceiling. you would think that lawmakers get it after what happened a couple years, but they just ....
Thanks for that most american of blessings, the chance to determine our own destiny. the problems we face didn t develop overnight and we won t solve them overnight but we will solve them. this on the heels of the congressional super committee failing to reach a deal on cutting the deficit. moody s is now warning congress that the u.s. government s top credit rating could take a hit if they don t come through with $1.2 trillion in cuts over the next decade. right now they have us at triple a with a negative outlook. in august, standard & poor s downgraded the u.s. treasury securities from triple a to double a plus. talk about a bizarre story. this is sam mullett, the leader of an ammish sect in ohio accused of cutting the beards off amish men and hair off amish women. the seven suspects allegedly grabbed men and women, forcibly cut their beards and other hair on their body. growing long hair is a custom in ....
Has concerns. many analysts believe the super committee s failure to make a deal would trigger at least one of the rating agencies to take our debt from double a plus to double a. remember the impact of the first and only other downgrade last summer? stocks sank around the world. we saw the largest one-day sell off since the credit crisis in 2008. the dow down 600 points in one day. consumer confidence also sharply declined. you would expect that a lower credit rating would send interest rates sky high. it didn t. the fed s buying binge in a time of economic certainty sent rates way down. and guess what? stocks went up later. yes, bottom line, a downgrade means our credit is riskier, just as if your credit rating fell 100 points, you would be viewed as a riskier borrower. the big difference, you don t have a money printing machine like the fed does, and you can t ....