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"The key pillars of U.S.'s exceptional creditworthiness remains intact," the agency said, crediting the U.S. economy's preeminence and the dollar's role as the world's chief reserve currency. The agency also said it gives the U.S. long-term outlook a "stable" rating.
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President Obama has told advisers to develop a proposal that would keep the government playing a major role in mortgages, sources told The Washington Post.
A new study estimates that of every dollar U.S. consumers spend
on a product labeled "Made in China," about 45 cents goes to China
for the cost of the original import.
The announcement that Google plans to buy Motorola Mobility, a leading U.S. handset developer, sets the stage for a head-to-head contest with Apple, which makes the Android's more profitable and highly touted competitor, the iPhone.
President Obama launched the first leg of his three-day bus tour of the Midwest on Monday with a stinging criticism of Republican politics and a wide-ranging promotion of his administration's efforts to boost the ailing economy.
Tuesday's meeting between the leaders of France and Germany to solve Europe's debt problem comes as their position is eroding.
U.S. Republican presidential hopeful Mitt Romney has a personal wealth as much 264 million dollars, according to financial disclosure report made public on Friday.
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