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President Obama's remarks on the America's credit downgrade from AAA to AA+, August 8, 2011.
President Obama gave these remarks on August 8, 2011. THE PRESIDENT: Good afternoon, everybody.
On July 25, 2011, a federal Indictment was unsealed in the Southern District of New York against:
The news that Standard & Poor's, one of the world's top three credit rating agencies, is downgrading America's historically pristine debt rating sent shock waves through Washington. It isn't clear how much investors factored in the ratings downgrade into their decisions, but it was clearly one piece of bad news which, combined with a stagnant U.S. economy and turmoil in Europe, sent the stock ...
THE PRESIDENT: Good afternoon, everybody. On Friday, we learned that the United States received a downgrade by one of the credit rating agencies -- not so much because they doubt our ability to pay our debt if we make good decisions, but because after witnessing a month of wrangling over raising the debt ceiling, they doubted our political system’s ability to act. The markets, on the other hand ...
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