super committee

(Newser) - Standard & Poor's yesterday not only defended its decision to downgrade America's once-vaunted AAA credit rating for the first time, it warned that a second downgrade could be on the way if the US doesn't get its act together. “Compared to some other highly rated governments,...

(Newser) - Imagine Jon Stewart's dismay when he discovered that after months of drama, the debt deal only shaved our deficit from $28.8 trillion to $26.3 trillion at the end of a decade. "That's what this whole f***ing thing was about?" he asked last night . Removing "...

(Newser) - Legislators aren't exactly jumping to volunteer for the 12-man "super committee" created by the debt ceiling deal, which promises to be a thankless and heavily lobbied job, the LA Times reports. “I'm not that much of a glutton for punishment,” says Jon Kyl. “This...