STANDARD AND POOR

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Two government officials tell ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor's to downgrade the rating of U.S. debt from its current AAA value. Official reasons given, one official ...

Story here; PDF here. Those (many) who are rubbishing the eminently rubbishable S&P tonight are generally not grappling with something we've been.

This came after a confusing day of reports: Standard & Poor's told the U.S. government Friday afternoon that it was preparing to downgrade the U.S.'s triple-A credit rating but U.S. officials notified the S&P that they had made a ...


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