MSNative Posted April 18, 2011 Share Posted April 18, 2011 http://latimesblogs.latimes.com/money_co/2011/04/us-credit-rating-outlook-lowered-to-negative-by-standard-poors.html " 'The path to addressing [the debt and deficit] is not clear to us.' The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. 'More than two years after the beginning of the recent crisis, U.S. policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures' " More detailed report here: http://www.businessinsider.com/sp-revises-us-debt-outlook-to-negative-2011-4 Scary and sobering news. On the positive side - this is a great econ and political science lesson for my kids. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.