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S&P is quite precise in their report. We do not have to guess as to why they lowered our rating. " ... we have changed our view of the difficulties in bridging thegulf between the political parties over fiscal policy, which makes uspessimistic about the capacity of Congress and the Administration to beable to leverage their agreement this week into a broader fiscalconsolidation plan that stabilizes the government's debt dynamics anytime soon. ..."http://tinyurl.com/44xrv4f
S&P is quite precise in their report. We do not have to guess as to why they lowered our rating.
" ... we have changed our view of the difficulties in bridging the
gulf between the political parties over fiscal policy, which makes us
pessimistic about the capacity of Congress and the Administration to be
able to leverage their agreement this week into a broader fiscal
consolidation plan that stabilizes the government's debt dynamics any
time soon. ..."
http://tinyurl.com/44xrv4f
