Standard & Poor’s Lisa Schineller published her first credit-rating report on U.S. sovereign debt since assuming the role as lead analyst. It’s a position that became a lot higher profile after the U.S. lost its AAA ranking.
The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.
Four million people are projected to pay the U.S. penalty for not carrying health insurance next year, about one-third less than previously estimated, after the Obama administration created exemptions from the fine.
Raising the U.S. gasoline tax is out as a way to shore up the Highway Trust Fund. So is taxing drivers based on the number of miles they clock. A plan to use taxes on companies’ overseas profits hasn’t gone anywhere.
Kristin Forbes, a professor at the Massachusetts Institute of Technology and a former White House adviser, will join the Bank of England’s Monetary Policy Committee, the latest hire in a shakeup of the panel.