Tim Geithner, the US Treasury secretary, shrugged off warnings from a leading ratings agency about the US public finances as he sought to reassure Wall Street he world's largest economy would be able to maintain its highly-prized AAA rating.
Investors have said it is unlikely a full-blown downgrade of the US will take place in the next few years following yesterday's move by S&P.
IS THE US THE BEST PLACE TO INVEST?
A quartet of top asset allocators reveal their favourite US funds.
Goldman Sachs will be referred to the US Department of Justice for allegedly making "misleading and inaccurate" comments to Congress over its role in the financial crisis.
J.P. Morgan Chase & Co. has reported quarterly profit rose 67%, but revenue at the US bank remains under pressure amid sluggish loan growth and mounting mortgage costs.
Sparks and Dickstein expect US Fed to keep holding asset class in short term
The US equity market has experienced an about-turn and is offering investors a wealth of opportunities, writes Mark Piper, co-fund manager of the Collins Stewart Select Opportunity fund.