I'm sure the rating's agencies, especially the S&P Agency are eagerly awaiting the formal announcement, as you may remember, Washington gridlock was cited as one of their reasons for downgrading the US credit rating. As mentioned earlier tonight, the Super Committee was simply a ploy to kick the can down the road for another 6 months as no agreement in Congress could be reached. Six months later, still, no agreement can be reached or as I implied, neither party wants an agreement as this becomes an election year issue.
*SUPERCOMMITTEE SAID TO ANNOUNCE NO AGREEMENT REACHED
*U.S. DEBT SUPERCOMMITTEE ANNOUNCEMENT SAID LIKELY ON MONDAY
So much for putting country before politics-Those in power will do anything to keep it and as we have seen in Europe over the last 2 weeks with 3 government changes, those out of power will do anything to get it.
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