U.S. Credit Rating Affirmed by S&P With Stable Outlook

The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.

Obama warns of 'economic shutdown' as debt deadline approaches

WASHINGTON: Faced with the looming prospect of a debt default, President Barack Obama today appealed to Congress to pass the budget while pushing Republicans to agree to hike the borrowing limit to prevent an "economic shutdown".

Gross Says U.S. Will Avoid ‘Catastrophic’ Default on Debt

Pacific Investment Management Co.’s Bill Gross said the U.S. will avoid a “catastrophic” default on Treasury securities if lawmakers fail to extend the debt limit on the nation’s debt.