us downgrade

Ratings Agency Egan-Jones Downgrades US Debt

Ratings agency Egan-Jones has downgraded its credit rating for US debt one level -- to AA- from AA -- citing Federal reserve plans to try to stimulate the economy by buying mortgage bonds.

Will U.S. Downgrade Bring On a Bear Market?

Standard & Poor's downgraded the U.S. debt rating for the first time on Friday. Coming on top of concerns of a second recession, the move has investors worried that we're headed into a bear market for stocks. Here's what a bear market would mean.