MSNBC: US government loses triple-A credit rating
"US debt now rated lower than some European countries'; rating agency says deficit plan doesn't go far enough
...U.S. Treasuries, once undisputedly the safest investment in the world, are now rated lower than bonds issued by countries such as the United Kingdom, Germany, France or Canada."
A bunch of socialist countries are doing better than we are economically? How'd that happen?
This comes at the end of a week in which stocks are down what, 4%? I wonder how this will affect mortgage interest rates.