The US was hit with a further blow today as Standard & Poor's warned the economy is unlikely to regain its AAA-credit rating anytime soon.
Bill Gross, Bill Miller and Warren Buffett have clashed over Standard & Poor's downgrade of the US' credit rating.
Warren Buffett's Berkshire Hathaway made a profit of $806m on lending Goldman Sachs $5bn to help the bank through the last financial crisis.
Janus US All Cap Growth manager says ‘get me out of here' attitude will result in a number stocks being undervalued
Credit rating agency Standard & Poor's has downgraded the US' prized AAA-rating for the first time ever.
MFS Investment Management's James Swanson says companies must spend if they want to compete.
PIMCO's Bill Gross has slammed US policymakers for their failure to make a significant dent in the country's $1.5trn deficit, despite reaching an accord on the debt ceiling.
President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.