Wednesday, August 10, 2011

Economics:  S&P Downgrades U.S. Debt Rating — Press Release

Standard and Poor's press release is at S&P Downgrades U.S. Debt Rating — Press Release, August 5, 2011 at The Wall Street Journal.

1 comment:

JJC said...

Saw a quote from an official at S&P saying that the downgrade occured because members of congress (tea party) said loud and clear to the media that "default would not matter" and that was a major factor in lowering our rating. When your own congress makes public statements that default is no big deal, its bad. Yes the right-wingers take the reduction in rating as proof that the deficit is too large!