Obama’s Debt Compromise Costs U.S. AAA Credit Rating for First Time in History
By R. Mitchell on Aug 05, 2011 in In The News
The Administration and members of Congress had held the specter of a credit rating downgrade over the heads of Americans. If a debt deal is not reached, the nation’s good credit would be damaged said several government leaders. On Friday, Standard and Poor’s (S&P) downgraded the United States’ rating from AAA to AA-plus on concerns [...]
