Friday, July 15, 2011

S&P Warns of US Credit Rating Downgrade – 14 July 2011

Standard & Poor's rating agency has now said that there is a 50% chance that it will downgrade the US Government's credit rating within the next few months.  I am admittedly ignorant about a lot of financial things, but I don't see how that's really going to affect us all that much.  Perhaps someone can enlighten me.  I have a hard time understanding that it would be the same as with individuals.

1. Washington Post
2. Fox News: +16 minutes
3. CNN: +60 minutes

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