A day after Standard & Poor’s took the unprecedented step of downgrading the creditworthiness of the United States government, the ratings agency offered a full-throated defense of its decision, calling the bitter stand-off between President Obama and Congress over raising the debt ceiling a “debacle,” and warning that further downgrades may lie ahead.
Saturday, August 06, 2011
Amid Criticism on Downgrade of U.S., S.&P. Fires Back
The New York Times reports:
