Treasury

S&P lowers America’s long-term credit rating to AA+, outlook remains negative

On August 5, 2011, in Finance & Economy, by Rusty Ray, Executive Editor

Standard & Poor’s, one of three major independent providers of credit ratings, announced Friday night that the long-term credit rating of the United States has been downgraded to AA+. The U.S. government has maintained a sterling AAA credit rating for 7o years, and despite the action taken by S&P, still has such a rating with [...]

MASTER RULES: U.S. Treasury unveils executive salary caps at top bailout companies

On October 25, 2009, in Featured, Finance & Economy, by Rusty Ray, Executive Editor

Responding to the most severe financial crisis since the Great Depression, the United States Treasury Department — under the direction of Secretary Timothy Geithner — on October 22 announced comprehensive actions intended to restore trust and confidence in America’s financial system. Geithner applauded the work of Special Master Kenneth R. Feinberg, who developed the reforms for executive compensation…