improvised Fiscal Policy

United States, the largest economic power on the planet, has just put a foot outside the select club of countries with the AAA, the highest rating granted to sovereign debt risk rating agencies. The first to do so was Standard & Poor s, which lowers the note to AA + long-term debt by concerns about its growing debt and the Government budget deficit. Moody s said earlier this week that it would keep it, but left the door open for a cut. The maximum responsible behind the historical decision of S & P, David Beers, explained today that the decision is due in good part to the long bipartisan debate in the U.S. Congress over the increase in the debt ceiling, which has highlighted the weak improvised American fiscal policy. Source of the news:: S & P removes the maximum note to EE UU by its improvised fiscal policy


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