WebSep 14, 2012 · The ratings firm cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Fed would hurt the U.S. economy and the country's credit quality. WebAug 6, 2011 · The credit-rating downgrade came less than a week after a last minute resolution concluded a bitter partisan political fight over raising the nation's $14.3 trillion …

S&P downgrades U.S. debt - CBS News

WebAug 5, 2011 · WASHINGTON — The United States has lost its sterling credit rating from Standard & Poor's. The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 ... WebAug 6, 2011 · A credit-rating downgrade typically leads to higher interest rates, and would have a huge impact on the economy by making it more expensive for the government, … line of reasoning 5 letters

Israel Braces for Possible Downgrade of Credit Rating

WebAug 6, 2011 · John Chambers, chairman of S&P's sovereign ratings committee, told CNN that the US could have averted a downgrade if it had resolved its congressional stalemate earlier. WebStandard & Poor's (S&P) downgrade of the long-term credit rating of the United States has been criticized because the risk of default on U.S. government debt in dollars is … hottest zone of the sun