U.S. credit downgrade long overdue

I heard it reported that Timothy Geithner, the treasury secretary of the U.S., said that Standard & Poor’s made a terrible decision when it downgraded the U.S. government’s credit rating. He claimed this showed that S&P didn’t understand the math that is used to figure the U.S. government’s budget. Yeah, I don’t understand the fantasy [...]

Effects of U.S. credit downgrade will be felt over next few years

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Kevin Wilson The recent credit downgrade by Standard and Poor’s won’t have an immediate resonation to Americans beyond rhetoric, but the effects will be felt over the next few years, local bankers and economists said. For the first time in the country’s history, the country’s credit rating was downgraded by a credit agency from “AAA+” [...]