(CORRECTED,REFILE) Q+A-S&P's downgrade of the United States | Reuters
Anybody looking to get elected next year best reverse their cranial/anal insertion, tout suite.
WHY DID IT LOWER THE RATING?
The credit rating agency believes the outstanding debt of $14.3 trillion and projected deficits for coming years in the United States no longer warrant the top-tier rating that it had assigned to the United States since 1941. It also said that the political environment does not build confidence that the United States can agree on how to lower the deficit in a meaningful way any time soon.
Anybody looking to get elected next year best reverse their cranial/anal insertion, tout suite.