Sunday, August 7, 2011

Credit Downgrade, Stock Market Plunge Due to Lack of Revenue Increases in Debt Ceiling Deal

Another world wide trusted analyst says that a failure to raise taxes in last week's debt ceiling negotiations led tp both to the Stock Market decline and the ratings downgrade.

http://m.ft.com/cms/s/0/b1cc8232-bf53-11e0-898c-00144feabdc0.html?catid=6