Archive for April 18th, 2011

Standard & Poor’s Downgrades U.S. Government Debt Rating to Negative


Monday April 18th, 2011   •   Posted by David Theroux at 1:46pm PDT   •   4 Comments

In “S&P Cuts U.S. Ratings Outlook to Negative,” Damian Paletta at the Wall Street Journal reports that the influential firm Standard & Poor’s has just “for the first time lowered its outlook on the U.S. government’s debt to ‘negative’ from ‘stable.’” A stark warning from a credit-rating firm about the U.S. government’s fiscal problems…
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