A high-stakes guessing game has broken out on Wall Street: what might investors have to sell if the US government loses its triple A credit rating for the first time?
Even with a tentative deal to raise the debt ceiling agreed late on Sunday, the Washington acrimony required to get there has left few analysts confident that US Congress can agree sufficient deficit reduction measures to placate Standard & Poor’s, the rating agency most negative in its outlook for US government finances.
Even with a tentative deal to raise the debt ceiling agreed late on Sunday, the Washington acrimony required to get there has left few analysts confident that US Congress can agree sufficient deficit reduction measures to placate Standard & Poor’s, the rating agency most negative in its outlook for US government finances.
