REPORT: S&P to downgrade U.S. credit, will cite GOP refusal to raise taxes.

ABC News reports: “A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor?s to downgrade the rating of US debt from its current AAA value.” Among the reasons cited will be “Republicans saying that they refuse to accept any tax increases as part of [...]

Source: http://thinkprogress.org/politics/2011/08/05/289771/report-sp-to-downgrade-u-s-credit-will-cite-gop-refusal-to-raise-taxes/

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