S&P threatens to cut U.S. credit rating on deficit
By Steven C. Johnson
NEW YORK | Mon Apr 18, 2011 6:20pm EDT
NEW YORK (Reuters) - Standard & Poor's threatened Monday to downgrade the United States' prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years.
Monday, April 18, 2011
A LITTLE FINANCIAL IRONY
Standard & Poor's, one of the ratings companies that helped create the Big Shitpile, has issued a warning about America's national debt. S&P should donate billions to the Treasury to make up for all the lousy ratings it handed out.
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