US Constitution and Flag

US Constitution and Flag
A voice for the people bringing HOT political news not found in the mainstream media, financial news not found in the mainstream media, and YES all my favorite conspiracies not found in the mainstream media! With some music and sports sprinkled in for some culture hahahahhaha...

Monday, April 18, 2011

Wall Street shares slump as S&P downgrades US debt outlook

Ratings agency cuts long-term outlook from stable to negative for first time since Pearl Harbor attack 70 years ago

Shares fell heavily on Wall Street on Monday after a leading ratings agency fanned fears of Europe's debt crisis spreading across the Atlantic by issuing a strong warning about America's failure to tackle its budget deficit.

In a move seen by Wall Street as a "shot across the bows" of bickering politicians in Washington, Standard and Poor's (S&P) said it was cutting the outlook on the US's long-term rating from stable to negative for the first time since the attack on Pearl Harbor 70 years ago.

http://www.guardian.co.uk/business/2011/apr/18/us-economy-credit-rating

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