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August 05, 2011

Government Official: We're Expecting An S&P Downgrade

In the sidebar, you'll notice an article about a rumor of a downgrade, scheduled for after today's close. However, that was just a rumor, and the original sourcing was weak (it was thought someone from Barclays knew something, but he then said he didn't).

But now Jake Tapper has a government official saying they do in fact expect a downgrade, down from AAA to either AA+ or AA.

The claim is made that it's... Republicans' fault, for not agreeing to tax hikes.

A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited.

BTW, where are Obama's transcripts?

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posted by Ace at 04:57 PM

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