Martin
According to Standard & Poor, the U.S Government is facing a 50% risk of losing its AAA credit rating as the current indicators are suggesting that government deficit targets may not be achieved. The U.S Government is approaching its $14.3 trillion borrowing capacity limit in August. This will directly affect the Treasury debt payments and failures on federal and military employees’ paychecks. The American government is looking at their credit rating downgraded to the AA rating if there is no demonstrated meaningful activity towards reduction in their deficit.
The deficit reduction debate is scheduled for August 2nd, and the U.S Government needs to focus of implementing policies and programs to repay their debt.
Standard and Poor said that Freddie Mac and Fannie Mae debt will be downgraded; also, Federal Home Loans Banks and Federal Farm Credit System Banks AAA credit ratings will be downgraded to match the U.S Government’s sovereign credit rating. They did indicate that in general banks and brokerages would probably not suffer downgrades immediately. S&P also explained that there is a correlation between . . . .
The deficit reduction debate is scheduled for August 2nd, and the U.S Government needs to focus of implementing policies and programs to repay their debt.
Standard and Poor said that Freddie Mac and Fannie Mae debt will be downgraded; also, Federal Home Loans Banks and Federal Farm Credit System Banks AAA credit ratings will be downgraded to match the U.S Government’s sovereign credit rating. They did indicate that in general banks and brokerages would probably not suffer downgrades immediately. S&P also explained that there is a correlation between . . . .
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