Downgrade Articles

German Euro-Deputy: S&P Downgrade Part of American ‘War Against the Euro’

5:02 PM, Jan 17, 2012

One of the European parliament’s most influential members, the German Christian Democrat Elmar Brok, has declared that Standard & Poor’s decision to downgrade the credit ratings of nine eurozone member states is part of a “currency war” being waged by the United States against the euro and Europe itself.

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Paul Ryan: Republican Budget Would’ve Prevented Downgrade, According to S&P Source

1:26 PM, Aug 08, 2011

Yesterday on Fox News Sunday, Paul Ryan responded to Standard & Poor’s downgrading of America’s long-term debt by explaining to host Chris Wallace that Republicans in the House “passed a budget, which according to somebody from S&P yesterday, would have prevented this downgrade from happening in the first place.” America’s credit rating was downgraded to AA+ Friday night from AAA, the highest rating given out by the New York-based agency.

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John Kerry Blames America's Deficit Woes on Tea Party's Insistence on Cutting Spending

8:01 AM, Aug 08, 2011

It’s amazing that a senior member of a party that’s in control of a legislative body that hasn’t passed a budget of any sort in more than two years would publically try to pin blame for Standard and Poor’s recent downgrade of America’s long-term credit rating on, of all groups, the Tea Party. But that’s exactly what happened on Meet the Press yesterday.

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