Moody’s downgraded Spain’s debt by two notches “citing fading growth prospects.” The move follows earlier downgrades from Fitch Ratings and Standard & Poor’s.

A roundup of this morning’s must-read budget and economic stories.

A roundup of this morning’s must-read budget and economic stories.

While Congress continues to struggle reform our unsustainable spending and ultimately spur a recovery, things aren’t getting any better across the pond either.

While we continue to deal with our complex and deep-rooted economic problems here, things aren’t getting any better across the Atlantic.

Many countries may want to take a look within their own borders before starting to point fingers. And this includes China.

Standard & Poor’s recent downgrade of the United States’ credit rating leaves 13 states with higher ratings than the federal government.

Late Friday evening, the United States’ credit rating was downgraded for the first time ever.

A roundup of this morning’s must-read budget and economic stories.

In the lead up to the last minute debt ceiling deal, the major credit ratings agencies were sounding alarms about the country’s ability to maintain its triple-A rating.