Deficit
S&P Downgrades U.S. Debt Rating
One of the three major credit rating agencies, Standard & Poor’s (“S&P”) downgraded the rating on U.S. credit late Friday August 5, 2011. This is the first time in U.S. history that the United States government’s credit has ever been downgraded. The U.S.A. established an AAA credit rating in 1917. Read More…