| Oct 27, 2011
| 6:08 PM
SAN DIEGO - Moody's Investors Service lowered the credit rating of the San Diego Unified School District's general obligation bonds Thursday and gave the district a "negative'' financial outlook.
The drop from Aa1 to a still-strong Aa2 was the result...
| Nov 3, 2011
| 8:47 AM
SAN DIEGO - One day after finding out the school her children attended and the school she now volunteers at will not be closed, Kensington resident Dixie Blake is all smiles.
“It was such a relief, an unbelievable relief,” Blake said.
| Jun 14, 2012
| 6:12 AM
Nokiasaid Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.
The company also warned that increased competition in the smartphone sector would hit its...
| Jul 28, 2011
| 10:44 AM
WASHINGTON -- The GOP-controlled House of Representatives is set to vote Thursday on Speaker John Boehner's plan to raise the nation's debt ceiling while enacting sweeping cuts in government spending -- the latest attempt to avoid an unprecedented...
| Jul 25, 2011
| 10:46 PM
WASHINGTON -- President Barack Obama on Monday called on divided congressional leaders to compromise and break a deadlock over raising the debt limit that he said risked a "reckless" national default.
Obama made the appeal in an address to the nation...
| Jul 27, 2011
| 4:57 PM
The looming debt crisis has many Americans worried about the "What -if's".
A North Shore woman is watching the situation closely. Tina Poitevent believes her health is in the hands of lawmakers.
She says she can't afford cable, so she's frequently...
| Jul 29, 2011
| 5:22 PM
State officials have quietly begun preparing contingency plans for handling state finances if a gridlocked federal government fails to reach agreement next week on a plan to raise the nation’s debt ceiling, which could force Washington to ration its...
| Jul 30, 2011
| 7:28 PM
Eric Hale spent his Saturday afternoon searching for a new truck.
"It's kind of been one of those let everything stabilize and we'll see what happens", Hale said.
Hale has been thinking about buying for the past six months and watching the economy but...
| Aug 5, 2011
| 9:32 PM
The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.
S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the...
| Aug 5, 2011
| 5:58 PM
CNN reports the rating agency Standard & Poor's says it has downgraded the U.S. credit rating to AA+ from its top rank of AAA.
Rating agencies analyze risk and give debt a "grade" that reflects the borrower's ability to pay the underlying loans.
| Aug 6, 2011
| 5:09 AM
NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.
| Aug 6, 2011
| 3:51 PM
Yesterday, a historic announcement was made by a credit rating agency, but for all the wrong reasons.
Standard and Poor’s downgraded the credit rating for the U.S. from a triple-A status to a mere double-A+.
What’s the reason behind the...