Comment on Deals: Allan Sloan on S&P downgrade of U.S. debt

Deals: Allan Sloan on S&P downgrade of U.S. debt

There’s been a lot of hand-wringing and posturing over Standard & Poor’s announcement that it has changed its outlook for the U.S. Treasury’s long-term debt to“negative” for the first time since it began rating Uncle Sam’s securities 70 years ago. To many people, it feels like a judgment from on high about our government for spending so much more than it takes in.

 

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