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In August 2011, S&P downgraded the long-held triple-A rating of US securities. [1] On August 1, 2023, Fitch downgraded its credit-rating of United States Treasuries from AAA to AA+, as S&P had twelve years earlier, leaving only Moody's to still assign its highest rating to the country's debt.
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
Before that first paycheck hits your direct deposit, take time to review these critical accounts. Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? 1.
As of December 2012, S&P is the largest of the three, with 1.2 million outstanding ratings and 1,416 analysts and supervisors; [173] [175] Moody's has 1 million outstanding ratings and 1,252 analysts and supervisors; [173] [175] and Fitch is the smallest, with approximately 350,000 outstanding ratings, and is sometimes used as an alternative to ...
The basic functions of the Department of the Treasury include: [29] Producing all currency and coinage of the U.S.; Collecting taxes, duties and money paid to and due to the U.S.; Paying all bills of the U.S.; Managing the federal finances; Managing government accounts (including the Treasury General Account) and the United States public debt;
Pages in category "United States Department of the Treasury agencies" The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes .
The Office of General Counsel provides legal and policy advice to the Secretary and other senior Departmental officials. The General Counsel also is the head of the Treasury Legal Division, a separate bureau within the department that includes all legal counsels and staff of the Treasury Departmental Offices and Treasury bureaus (except for the Office of the Comptroller of the Currency and the ...
The U.S. Department of Treasury was given intelligence responsibilities through instructions to the United States Secretary of the Treasury: (a) Overtly collect foreign financial and monetary information; (b) Participate with the Department of State in the overt collection of general foreign economic information;