Biz: S&P official: Blame bickering politicians for this credit-rating mess
- Looking at the gulf between the parties, it has never been wider than now. It takes a lot of political will to bridge this gulf.
- Standard & Poor’s global head of sovereign ratings David Beers • Suggesting that both parties aren’t going far enough to fix their deficit problem which could lead to a decreased credit rating down the line. Essentially, they think that the two parties are so divided that they won’t solve the problem. Standard & Poor has downgraded the credit rating of many countries of late, most recently Britain. source