Predicting the exact timing of a government default is difficult, given the amount of the variability in government spending and revenue.

Atsi Sheth from Moody's gives us a behind the scenes look into the company's ratings process.

"It is eerily similar to a regular production wrap," says Kenya Morgan. "Only, as I coined it last week, this is the rehearsal wrap."

Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.

The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.

This spring, there were 14.2 million undergraduates in the U.S., about 9% fewer than in spring 2019.