Returns 3 News
US faces S&P downgrade if no budget plan
The US, lacking a plan to contain $1 trillion deficits, faces the prospect of another rating cut in six to 24 months depending on the outcome of November elections, according to John Chambers of Standard & Poor’s.
America has had an AA+ rating with a negative outlook since August 5 when the New York-based unit of McGraw-Hill Cos stripped the nation of its AAA ranking for the first time, citing
Returns 3 Galleries
|
|
