HomeS&P downgrades outlook on US debt to negativetbdS&P downgrades outlook on US debt to negative

S&P downgrades outlook on US debt to negative

Standard & Poor’s has changed its outlook on US credit from “stable” to “negative.” There is a one-in-three chance S&P will soon downgrade the US’s previously rock solid triple-A rating. The grim news sent the stock market plummeting on Monday and sent investors into a panic. S&P based its decision on fears partisan disagreements will stall a budget resolution through 2013. The Obama administration is trying to downplay the news while still asking for support to raise the deficit ceiling. How much longer until America drowns completely in debt?

Daily videos brought to you by THE Taiwanese Animators behind the infamous Tiger Woods animation. We got the funniest animations on the web to help you stay in-the-know on all the trending stories, so sit back, relax, and watch a few.

Visit our channel for your daily dose of Taiwanese Animations:

Wish all your news was animated? Subscribe now:

Can’t get enough of Taiwanese animations? Connect with us here:
Twitter @nmatv


Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 . All Rights Reserved.