Fitch Ratings has placed the United States of America’s (U.S.) ‘AAA’ Long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). The ratings of all outstanding U.S. sovereign debt securities have also been placed on RWN, as has the U.S. Short-term foreign currency rating of ‘F1+’. The Outlook on the Long-term ratings was previously Negative. The U.S. Country Ceiling has been affirmed at ‘AAA’.
Today, Congressman Xavier Becerra (CA-34), Chairman of the House Democratic Caucus, issued the following statement after voting against legislation (H.R. 3102), that would slash nearly $40 billion from the Supplemental Nutrition Assistance Program (SNAP):
“Hunger is not a game. The Supplemental Nutrition Assistance Program (SNAP) is one of America’s strongest defenses against hunger and poverty. And as 50 million Americans are struggling to put food on the table, House Republicans have voted to slash nearly $40 billion from SNAP. Nearly 4 million Americans, including children, seniors and veterans, would lose their food assistance if this callous legislation ever became law.
“Thankfully, this bill has no chance of passing the Senate or securing the signature of the President. Congress should now get back to work on a responsible farm and nutrition bill that supports both our agricultural community and our children, veterans and seniors facing hunger today.”
Several months after calling for legislation to unlock cellphones, the White House filed a petition with the Federal Communications Commission on Tuesday asking that all wireless carriers be required to unlock all mobile devices so that users can easily switch between carriers.
The proposal from the administration’s tech policy arm follows up on President Obama’s response last spring to furious complaints from online activists after the Library of Congress made the practice illegal in January when an exemption to the Digital Millennium Copyright Act expired. The activists posted their complaint on the White House’s protest forum and collected over 114,000 signatures on their petition to overturn the Library of Congress decision.
President Obama is expected Saturday to reaffirm the White House’s commitment to ratifying the U.N Disabilities Treaty when he addresses the Disabled American Veterans national convention here, according to a senior administration official.
Specifics are sparse, but “Social Security is now processing some retirement spouse claims for same-sex couples and paying benefits where they are due,” the agency head says.