Despite Friday's U.S. credit-rating downgrade, fiscal concerns are unlikely to drive markets for very long. Yes, investors are more worried about the federal government’s borrowing than usual. The tra

Dow Futures fell by more than 300 points early on Monday, meanwhile 30-year U.S. Treasury bond yields rose past 5%.

In a separate interview on Fox Business Network’s “Mornings with Maria” on Monday, Hassett called U.S. debt “the safest bet on Earth,” but similarly said that the new rating is “backward looking” and is “penalizing us for all the reckless spending of the Biden administration” — all while predicting an economic “liftoff.”

A new report finds a direct link to foreclosures from climate change and suggests as lenders factor that risk into underwriting, it could alter credit scores.

Moody's stripped the US of its top credit rating, reinforcing Wall Street's concerns over a ballooning budget deficit. The move also sending ripples through corporate America as refinancing costs increase.

London equities fell sharply on Monday, tracking the weakness in global markets after Moody's downgrade of U.S. sovereign credit rating, while investors also focused on the UK-European Union summit.

As federal student loan servicers once again report delinquent accounts to credit bureaus, borrowers feel the impact and struggle to get back in good standing.