Standard & Poor's Downgrade of U.S. Government Long-Term Debt.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Budget--United States.

Budget.

United States.

Business cycles.

Fiscal policy.

Physical Description:

1 online resource (10 pages, digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

System requirements: PDF reader software.

text file

Summary:

Examines Standard & Poor's (S&P) lowering of credit rating of long-term U.S. Government debt on Aug. 5, 2011, in light of S&P judgment that P.L. 112-25, the Budget Control Act, falls short of what is needed for fiscal stability and that Government capacity to deal with debt has become less stable, effective, and predictable. Provides basic background information on Standard & Poor's and other credit rating firms. Analyzes implications of downgrade for Government finances and for financial markets at large.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Standard & Poor's Downgrade of U.S. Government Long-Term Debt

Access Restriction:

Restricted for use by site license.