While candidates from both parties continue to campaign, a looming fiscal cliff is set to possibly cripple the economy starting January 1. The fiscal cliff, along with the paralysis in Congress, has led Moody’s Credit Agency to warn of another downgrade to the U.S. credit rating.
Republican Vice-presidential nominee Paul Ryan gave a rousing speech to the GOP faithful in Tampa Wednesday night during the Republican National Convention. The only problem was that parts of Ryan’s speech were riddled with factual problems.
The SEC has launched an investigation into whether the City of Miami misled bond investors. This puts the city inches from financial disaster, a downgraded credit rating for the second year in a row.
This years’ holiday shopping season is expected to be a record-breaker, with online spending approaching $25 billion dollars so far. With all that spending, consumers may be tempted to borrowing money, or help a friend borrow money by cosigning a loan for them.
Top officials at Standard & Poor’s are not backing down from their decision to downgrade the U.S government’s credit rating, and that decision has South Floridians, including financial analysts, watching closely.
Many in the state of Florida rely on Social Security and Medicare as a lifeline, but as the days countdown to a U.S. default, everyone in the Sunshine State has reason to worry.
Despite public pronouncements from local officials that the city of Miami is stable, two major bond ratings services have downgraded the city’s ratings which will continue to make investors leery about investing in the city, and could cost the city millions.
The Florida Senate has passed a proposed constitutional amendment that will effectively cap how much money the legislature can tax and spend.