Fitch says spending cuts would not prompt ratings action
NEW YORK (Reuters) – Fitch Ratings on Wednesday said implementation of automatic U.S. government spending cuts due March 1, along with a government shutdown, would not prompt a negative rating action.
http://feeds.reuters.com/~r/reuters/businessNews/~3/2HgmbvTEbdw/us-usa-fiscal-fitch-idUSBRE91Q0OB20130227
Austerity Kills Government Jobs as Cuts to Budgets Loom
The federal government is cutting back at a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war.
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Bernanke Defends Asset Purchases as Benefits Outweigh Risks
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s unprecedented asset purchases, saying they are supporting the expansion with little risk of inflation or asset-price bubbles.
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