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    Impact of the SP's Downgrade

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    Standard & Poor's downgraded the U.S.'s AAA credit rating for the first time, slamming the nation's political process and criticizing lawmakers for failing to cut spending or raise revenue enough to reduce record budget deficits. What would be the impacts of the SP's downgrade on the US and global economy?

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    There would be tremendous impact of S&P's downgrade on US and global economy. The US has the most powerful economy in the world. It is considered as the world?s safest place for ...

    Solution Summary

    Discusses the impact of S&P's downgrade of US and global economy.