NEW YORK (TheStreet) -- The Senate Banking Committee is reportedly investigating the decision by Standard Poor's last week to downgrade the credit rating of the United States to AA+ from AAA. Citing an undisclosed committee aide, Reuters said the panel is in the process of gathering information about the downgrade but that it had not decided whether hearings will be held to examine the ...

The cliché When a bipartisan group of senators revived this week with a plan to save the United States from default (and thus, the world from implosion) it put the phrase Gang of Six back into heavy rotation. Indeed, in the last few years, terming a bipartisan group of compromising senators a gang has become such a predictable reflex that David Fahrenthold at The Washington Post concluded in ...

The political fight to keep the United States out of default on its financial obligations turned Wednesday to a resurrected bipartisan plan in the Senate, the broad outlines of the deal supported by President Barack Obama because it meets his conditions of spending cuts combined with increased tax revenue.

WASHINGTON - The political fight to keep the United States out of default turned Wednesday to a resurrected bipartisan plan in the Senate, after conservative tea party-backed Republicans in the House of Representatives passed largely symbolic legislation that would slash $6 trillion from the U.S. debt and make additional borrowing contingent on passage of a constitutional balanced budget ...

Today the Senate continues the tradition of reading President George Washington’s 1796 Farewell Address to the People of the United States. That’s the letter in which the most Founding Father of all announced that he had had it and was not going to be president for a third term, no how, now way.