The downgrade of the U.S. sovereign credit rating Friday will likely mean higher borrowing costs on mortgages.

Deutsche Bank's Jim Reid says Moody's recent debt downgrade continues a drip of bad fiscal news for the American economic ...

After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.

As the US faces downward pressures, from unsustainable debt to the possibility of huge tax cuts, investors are turning to Asia, analysts say.