U.S. Government Faces Credit Rating Downgrade Without Radical Budget Changes
April 27, 2011 at 06:00 AM EDT
Could the United States lose its status as the world's premier safe harbor for global investors? Credit-rating heavyweight Standard & Poor's last week threatened to cut the United States' top-tier credit rating , saying the country's political infighting and burgeoning debt may warrant a downgrade . In short: This country's days as a AAA-rated investment may be numbered.