Boehner’s Folly Leads To S&P Downgrade of US Debt

Boehner’s Folly Leads To S&P Downgrade of US Debt: "pI’m no expert, but I don’t think S&P downgrading its rating of US debt will, as such, have any really big practical implications other than becoming the next political football. If you look at S&P’s definition of the AA rating, after all, it says: “An obligation rated ‘AA’ differs from the highest-rated obligations only to [...]/p"