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NEWS ABOUT: AAA

S&P Downgrades Eurozone Bailout Fund

Says it could return it to AAA if sacrifices are made

(AP) - Rating agency Standard & Poor's says it has downgraded the creditworthiness of the eurozone's bailout fund by one notch to AA+. The downgrade, which follows ratings cuts for AAA-rated France and Austria , could hurt the European Financial Stability Facility's ability to raise cheap bailout money. More »

Moody's: We Still Might Downgrade US, Too

Credit agency insists on more cuts

(Newser) - Moody’s may have already reaffirmed America’s AAA credit rating , but it released a statement today reiterating that that could still change. If the US doesn’t find more deficit reductions pronto, it could face a downgrade before 2013, the agency warned, according to Reuters . Analyst Steven Hass wrote... More »

More Drivers Running Out of Gas

AAA going out on a lot more calls since March

(Newser) - Your sign of the day that gas prices are getting uncomfortable: AAA reports an 18% increase since March in roadside calls for drivers who have run out of gas. “Before it was more absentminded than anything else,” a Pittsburgh gas station attendant tells KDKA-TV . Now, "I believe... More »

Staycations Rule Labor Day Weekend

Recession prompts many to cut out leisure travel

(Newser) - Many Americans feeling the bite of the recession will forgo a Labor Day getaway this weekend, instead opting for stay-at-home activities, Bloomberg reports. AAA predicts that weekend travel will fall by 13% from last year. “We need to be a little bit more reserved with the times the way... More »

For $10 Seats, Fans Ignore the P in 'Pawtucket Red Sox'

(Newser) - The people of Pawtucket, Rhode Island, are perfectly happy with their AAA Red Sox farm team, and others from across Red Sox Nation are tagging along, NPR reports. Box seats cost $10 at McCoy stadium, and a hot dog can be had for less than an arm and a leg.... More »

Gas Tops $4 per Gallon After Stable Week

Prices had stabilized—until last week

(Newser) - Americans are paying more than $4 a gallon for gas for the first time, Reuters reports. The national average reached $4.005 per gallon today, up from $3.67 last month and $3.10 last year. Prices had stabilized last week, until crude oil futures jumped to record levels. In... More »

Drivers Pump Less, Run Out of Gas More

Philly AAA calls double as drivers run out of gas

(Newser) - Strapped-for-cash drivers hit by rocketing gas prices are putting less in their tanks and gambling on having enough to last the week—but many don't make it. Calls to AAA for help from out-of-gas drivers in Philadelphia have doubled since prices began to spiral, AP reports. More »

Lucky Alaska First to Hit $4 Gas

Others could join '$4 club' after Memorial Day

(Newser) - It's here. Alaska has the painful distinction of becoming the first state where gas is selling for an average of $4 a gallon, Reuters reports. The average for the rest of the US is hovering at $3.76, but Connecticut, California, New York, and Illinois could all join Alaska in... More »

Weak Dollar Not Slowing US Vacations

About 25 million expected to travel abroad this summer

(Newser) - The dollar may be weak, but Americans’ desire to travel overseas this summer is strong, the Los Angeles Times reports. While domestic travel has appeared to hit the skids, more than 25 million Americans will grab their passports and take off for adventures abroad—up 2.6% from last year,... More »

Labor Day Traffic Forecast: Not Quite as Bad

With gas cheaper, 28.9M expected to hit road this weekend

(Newser) - Nearly 29 million people will travel by car during the upcoming Labor Day weekend, AAA reports—slightly fewer than last year, despite lower gas prices. A gallon averages $2.75, down 10 cents from last Labor Day. The overall number of travelers this holiday weekend is expected to go up,... More »

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