The Delaware Gazette

Obama seeks to reassure faith in US credit

WASHINGTON — Eager to calm a ner­vous nation, Pres­i­dent Barack Obama on Mon­day dis­missed an unprece­dented down­grade in the nation’s credit rat­ing, insist­ing investors will stand by the United States even as stock mar­kets plunged. Obama said Wash­ing­ton can fix its ills by show­ing more polit­i­cal will.

Aug 8 2011 | Posted in AP News | Read More »

Economy, not debt rating, will send markets lower

NEW YORK — U.S. investors will have their first chance today to react to Stan­dard & Poor’s deci­sion to strip the U.S. gov­ern­ment of its top credit rat­ing. But the big­ger issues fac­ing Wall Street and stock mar­kets world­wide remain debt-ridden coun­tries in Europe and con­cerns that the global econ­omy is weakening.

Aug 7 2011 | Posted in AP News | Read More »

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