Japan takes No. 1 spot with the most debt.
People in the United States have spent a lot of time worrying about our national debt lately. But while the U.S. owes plenty of money, we may not be in nearly as bad of shape as some of our peers.
Continue reading… “Ten developed countries with the most debt”
Credit rating agencies have been criticized for fueling the 2007-2009 financial crisis.
The Federal Reserve said on Monday that Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive tougher capital standards are unveiled.
Continue reading… “Banking agencies working to find credit rating alternatives”
The nation’s home prices expected to keep dropping in the biggest cities.
Home prices are falling in the nation’s largest cities and are expected to keep falling next year, as fewer people purchase homes and millions of foreclosures come on to the market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 1.3 percent in October from September.
Continue reading… “Home Prices Dropping Faster in Largest U.S. Cities”