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The deficit, the debt, downgraded credit rating -- It's complicated!
While financial gurus around the world yesterday tried to grasp what a world without "risk-free" U.S. debt will look like, the country that has served as America's primary cash machine for the past two decades was quick to register its disgust with "debt-ridden Uncle Sam."
Front Page Talking Points is written by
Felix Grabowski and Alan Stamm for NIEonline.com, Copyright 2013
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Search for terms like "downgrade" and "deficit" in your electronic edition this week. As the week goes on, are there more or fewer stories on those topics.
Are those stories featured on the front page or buried in the Business section? What does that tell you about the relative importance the newspaper places on the topic?
Now search for more wonky terms like "financial stability" and "liquidity." Can you define those terms just from the context of the stories you find?
Rising costs: The U.S.'s first-ever downgrade could raise borrowing costs for government, business and consumers. For already skittish investors, it's just the latest in a string of jolting bad news.