S&P downgrades US credit rating - The Hill's On The Money

S&P downgrades US credit rating - The Hill's On The Money: "The United States has suffered its first downgrade to its credit rating in history, as Standard & Poor's has reduced the nation's rating from AAA to AA+.

The credit rating firm said the recent plan to raise the debt limit while reducing the debt "falls short" of its expectations, but also offered broader condemnations for America's political process.

"The downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges," the firm wrote in its announcement..."

FUCK YOU TEA PARTY TALIBAN AND RETHUGS!