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Credit rating agency S&P has downgraded U.S. debt from AAA, the first debt downgrade in U.S. history, the Associated Press reported.
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Alan Caruba's blog is a daily look at events, personalities, and issues from an independent point of view. Copyright, Alan Caruba, 2015. With attribution, posts may be shared. A permission request is welcome. Email acaruba@aol.com.
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- Alan Caruba
- I am and have been for a long time a writer by profession. I have several books to my credit and my daily column, "Warning Signs", is disseminated on many Internet news and opinion websites, as well as blogs. In addition, I am a longtime book reviewer and have a blog offering a monthly report on new fiction and non-fiction.
3 comments:
But you KNOW that somehow it's Bush's fault...
And all it took was a Marxist in the Oval Office. Simple!
A great many financial holding companies' by laws require that those companies can not hold any security with less than an AAA level rating.
Mexican hat dance performances coming really soon at emergency board meetings.
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