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 Msg. #  Subject Posted by    Board    Date   
34374 Re: S&P Downgrades the United States
   re: [b]"Those tea baggers should feel very proud"[/b] clo, Out o...
Decomposed   ROUND   06 Aug 2011
4:15 PM
34367 Re: S&P Downgrades the United States
   On CNN; John Chambers chairman of ratings of S&P said the debt ceiling...
clo   ROUND   06 Aug 2011
6:50 AM

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Re: S&P Downgrades the United States

By: clo in ROUND
Sat, 06 Aug 11 6:17 AM
Msg. 34366 of 45644
(This msg. is a reply to 34361 by Decomposed)
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Those tea baggers should feel very proud...! clo

A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Officials reasons given will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction.

A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited. 


The official was unsure if the bond rating would be AA+ or AA.

http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html





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