U.S. credit downgrade long overdue

I heard it reported that Timothy Geithner, the treasury secretary of the U.S., said that Standard & Poor’s made a terrible decision when it downgraded the U.S. government’s credit rating. He claimed this showed that S&P didn’t understand the math that is used to figure the U.S. government’s budget. Yeah, I don’t understand the fantasy […]

AP source: Richardson likely Commerce pick

The Associated Press WASHINGTON — New Mexico Gov. Bill Richardson had emerged as a likely pick as Commerce Secretary, according to officials. Richardson was a rival of Obama’s for the Democratic presidential nomination last winter. He dropped out after the early contests, though, and soon threw his support behind the eventual winner. It was not […]