Urgent: Credit rating agency Standard & Poor’s on Friday downgraded the United States’ credit rating for the first time in the history of the ratings.The credit rating agency said that it is cutting America’s top AAA rating by one notch to AA-plus. The credit agency said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation.
via S&P Downgrades U.S. Credit Rating From AAA . That economic genius? TurboTax Timmy said it would never happen.
Lovin it PssttCmere.
