Tag Archives: Standard & Poors

FLASHBACK APRIL 2011: White House Claimed S&P’s Negative Outlook on AAA was a “Political Judgment”

“I don’t think that the S&P’s political judgment is right” Quote from Austan Goolsbee, former chair of the White House Council of Economic Advisers appearing on Bloomberg in April 2011 responding to S&P’s changing of America’s triple-A rating  to a “negative” outlook . Recommend on Facebook Share on Linkedin Share with Stumblers Tweet about it [...]

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S&P downgrades U.S. credit rating for first time

EXTRACT ONLY:  Standard and Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system. Lowering the nation’s rating to one notch below AAA, the credit rating company said [...]

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America’s Wake Up Call….S&P Lowers Debt Rating from “Stable” to “Negative”

  Yesterday the debt rating service Standard & Poors (S&P) issued a change in their outlook for U.S. Government debt, downgrading the Treasury’s rating from AAA Stable to AAA Negative. This means that they beleive our finances are heading in the wrong direction and unless corrective measures are taken, their next move will be to [...]

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