Standard & Poor's on Monday downgraded the outlook for the United States to negative.
S&P said the move signals there's at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.
S&P said the move signals there's at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.
(Via EconomicPolicyJournal)"Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable," the agency said in a statement.
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