While Hava-gafa-kasha is fretting over who got what - democrats or republicans, here is some real news that may effect everyone.
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For the first time in history, Standard & Poor's cut America's top-notch credit rating one notch to AA-plus from AAA on Friday night.
The move comes less than a week after Congress and the Obama Administration crafted a last-minute deal to reduce burgeoning government spending and increase the debt ceiling, narrowly averting a catastrophic default on U.S. sovereign debt.
The ratings company, which had previously warned that a downgrade was possible, cited both political and fiscal concerns in making its decision.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what ... would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement.
Read the rest here:http://www.foxbusiness.com/markets/2...ating-from-sp/