That legislation, which the Congressional Budget Office estimated will add $4.5 trillion to the deficit through 2034, proved ...

The downgrade of the U.S. sovereign credit rating Friday will likely mean higher borrowing costs on mortgages.

As the US faces downward pressures, from unsustainable debt to the possibility of huge tax cuts, investors are turning to Asia, analysts say.

Moody’s downgraded the US Sovereign Credit rating to Aa1, citing mounting debt concerns.