Friday, August 5, 2011

BREAKING: S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes

BREAKING: S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes: "pReuters reports: “The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday, in a dramatic reversal of fortune for the world’s largest economy.” The new rating is AA+. In explaining their decision Standard & Poors cites both the decision by Republicans in Congress to turn the debt ceiling into a [...]/p"