US Loses AAA Rating at S&P on Concern Debt Cuts Deficient - Businessweek

Aug. 6 (Bloomberg) -- Standard & Poor’s downgraded the U.S.’s AAA credit rating for the first time, slamming the nation’s political process and criticizing lawmakers for failing to cut spending or raise revenue enough to reduce record budget deficits. - US Loses AAA Rating at S&P on Concern Debt Cuts Deficient
S&P Downgrades OurPolitical Stability - TEXT: S&P Press Release Announcing Downgrade - National Journal