The S&P Standard

For the credit-rating agencies considering a downgrade of U.S., the question was never really whether a debt-ceiling deal would get passed; the question was whether the government would, in the words of S&P, offer a “credible solution to the rising U.S. government debt burden.” So, how does this deal stack up?

That’s a no … Only the Cut, Cap and Balanced budget will do the trick.

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