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Re: S&P Downgrades the United States

By: clo in ROUND | Recommend this post (0)
Sat, 06 Aug 11 6:50 AM | 42 view(s)
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Msg. 34367 of 45644
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On CNN; John Chambers chairman of ratings of S&P said the debt ceiling should've been raised sooner, like it has been done in the past... clo




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The above is a reply to the following message:
Re: S&P Downgrades the United States
By: clo
in ROUND
Sat, 06 Aug 11 6:17 AM
Msg. 34366 of 45644

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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