The United States of America loses its AAA credit rating from S&P

August 5, 2011

(Reuters) The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday in an unprecedented reversal of fortune for the world’s largest economy.

Read the S&P report here:

http://www.ft.com/intl/cms/af2c4fac-bfc2-11e0-90d5-00144feabdc0.pdf

This entry was posted in 2007-08 Crisis, Debt Ceiling, Economic Policy, Federal Budget, Inflation, Motivation, National Debt, Political Theory. Bookmark the permalink.

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