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U.S. Credit Downgrade: Standard & Poor's Warn More Downgrades May Come

Downgrade

First Posted: 08/06/11 10:42 PM ET Updated: 10/06/11 06:12 AM ET

The New York Times:

A day after Standard & Poor’s took the unprecedented step of downgrading the creditworthiness of the United States government, the ratings agency offered a full-throated defense of its decision, calling the bitter stand-off between President Obama and Congress over raising the debt ceiling a “debacle,” and warning that further downgrades may lie ahead.

Read the whole story: The New York Times

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Filed by Melissa Jeltsen  |