The Treasury hit back against Standard & Poor’s historic downgrade of the U.S. to AA+ from its top-notch AAA by lashing out against its credibility, as well as its judgment.
In a Saturday blog post on Treasury’s website entitled “Just the Facts: S&P’s $ 2 Trillion Mistake,” John Bellows, Treasury’s Acting Assistant Secretary for Economic Policy, says S&P “presented a judgment about the credit rating of the U.S. that was based on a $ 2 trillion mistake.”
Bellows
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