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The question now remains, will this case be settled quickly as mere posturing and saber rattling or will President Obama’s failure to be utilized seriously by world leaders prolong the situation?
In July of 2001, Standard and Poor’s (S&P) cut the loan rating of Argentina. S&P did exact same way thing on the U.S. rating 10 years later (2011). There was uproar each morning halls of Congress this even though arguably, period of time credit rating could came much earlier. To make matters worse, U.S. credit agencies granted pristine ratings to mortgage-backed securities in their heyday. Fitch, another credit agency, is warning of further action against the U.S. 12 months.
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