Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Monday, August 08, 2011

AAA Top AA+

The downgrading of U.S. debt to AA+ from AAA touched off a weekend of political backbiting. Democrats and Republicans blamed one another for conditions leading to the downgrade. Standard and Poor's stands by its rating despite angry criticism from Treasury Secretary Timothy Geithner, and S&P even said another downgrade is possible. Meanwhile, Geithner has agreed to stay on the job through the end of President Barack Obama's term. When Congress returns after Labor Day, it will take up federal spending for 2012. With all entitlement spending off limits, agency operational budgets will likely take all of the hits.

1 comment:

Anonymous said...

when they get back from vacation, perhaps a budget could be hammered out!