Daily Show: Downgrade Was Because US Government Doesn't Pay
S&P Any Fees

Daily Show: Downgrade Was Because US Government Doesn't Pay S&P Any Fees

The US government got downgraded by S&P because, unlike corporations, they don’t pay the ratings agency any fees, Columbia law professor John Coffee told The Daily Show. [More]

Stock Market Drops Most Since 2008

Stock Market Drops Most Since 2008

The stock market continued diving on Monday, with the Dow falling 5.6% and the S&P down 6.7%, the biggest sell-off since December 2008. [More]