New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 2, 2013
14:45 EDTMoody's: 'Cliff' deal not basis for meaningful improvement in U.S. debt ratios
Moody's Investors Service said that the fiscal package passed by both houses of Congress yesterday is a further step in clarifying the medium-term deficit and debt trajectory of the federal government. It does not, however, provide a basis for a meaningful improvement in the government's debt ratios over the medium term. The rating agency expects that further fiscal measures are likely to be taken in coming months that would result in lower future budget deficits, which are necessary if the negative outlook on the government's bond rating is to be returned to stable. On the other hand, lack of further deficit reduction measures could affect the rating negatively. Notably, yesterday's package does not address the federal government's statutory debt limit, which was reached on December 31. The need to raise the debt limit may affect the outcome of future budget negotiations. Moody's said the macroeconomic effects of the package are positive, since it averts the recession that would likely have occurred had personal income taxes gone up for all income levels. However, the increase in the Social Security payroll tax from 4.2% to 6.2% of income that became effective on January 1 will likely be a constraint on growth in coming quarters. Furthermore, expenditure cuts that may be decided in coming months could also affect the rate of GDP growth in the near term. Overall, therefore, the recent package mitigates part of the fiscal drag on the economy associated with the fiscal cliff but does not eliminate it. Moody's added that it believes that the debt limit will eventually be raised and that the risk of default on Treasury bonds is extremely low, this confluence of events adds uncertainty to the outcome of negotiations. However, the spending measures that result from the negotiations will form part of the medium-term outlook for the budget deficit. Moody's will need to consider these measures in assessing the rating outlook. Further revenue measures may also form part of the negotiations. The debt trajectory resulting from this process is likely to determine whether the Aaa rating is returned to a stable outlook or downgraded to Aa1, as Moody's previously stated.
News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>
May 11, 2015
07:53 EDTFBR Capital apparel/footwear analysts hold analyst/industry conference call
Subscribe for More Information
07:48 EDTBarclays industrials analysts hold an analyst/industry conference call
Industrials Analysts provide an industry update and outlook on an Analyst/Industry conference call to be held on May 11 at 11 am.
07:46 EDTCredit Suisse macroeconomics analysts hold analyst/industry conference call
Subscribe for More Information
07:45 EDTN.Y. FX Outlook
Subscribe for More Information
07:40 EDTTreasury Market Outlook: Treasuries are lower
Subscribe for More Information
07:31 EDTFutures quiet despite China rate cut
Subscribe for More Information
07:21 EDTBernstein to hold a conference
Subscribe for More Information
07:15 EDTDA Davidson to hold a conference
Subscribe for More Information
07:05 EDTBank of England maintains bank rate, size of asset purchase program
The Bank of Englandís Monetary Policy Committee voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP375B.
06:46 EDTGreek minister says deal expected in coming days, Reuters reports
Subscribe for More Information
06:36 EDTChina reduces interest rates, NY Times says
Subscribe for More Information
06:08 EDTOn The Fly: Morning Wrap-Up for May 11
Subscribe for More Information
06:05 EDTiPath S&P 500 VIX Short-Term Futures at 29.60, 10-day moving average is 20.60
Subscribe for More Information
06:02 EDTMay front month equity options last day to trade is May 15, 2015
Subscribe for More Information
May 10, 2015
20:35 EDTNovember Kansas City Fed Manufacturing Index to be released at 11:00
Subscribe for More Information
20:35 EDTOctober Kansas City Fed Manufacturing Index to be released at 11:00
20:35 EDTDecember Kansas City Fed Manufacturing Index to be released at 11:00
Subscribe for More Information
20:35 EDTSeptember Kansas City Fed Manufacturing Index to be released at 11:00
Subscribe for More Information
20:35 EDTJuly Kansas City Fed Manufacturing Index to be released at 11:00
Subscribe for More Information
14:51 EDTDA Davidson to hold a conference
17th Annual Financial Institutions Conference to be held in Denver, Colorado on May 11-13 with webcasted presentations to begin on May 11 at 3 pm; not all presentations may be webcasted. Webcast Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use