And for some bizarre, unexplained reason, Tim Geithner is still the U.S. Treasury Secretary. Credit rating downgrade hits markets U.S. stocks tumbled, following the biggest weekly drop in the Standard & Poor’s 500 Index since 2008, amid concern that a downgrade of the nation’s credit rating by S&P may worsen an economic slowdown. … The [...]
Filed under: Blog Entry | Tagged: AA, Biggest Weekly Drop, Bush-Era, Bush-Era Tax Cuts, Bush-EraTtax Cuts, Closed, Company, Concern, Congress, Credit Rating, Downgrade, Economic, Economic Slowdown, Entitlements, Extended, Famous Last Words, Less Confident, Long-Term, Long-Term Rating, Lowered, Market Value, Markets, Negative, One Level, Outlook, Rating, Rout, S&P, Slowdown, Standard & Poor’s, Standard & Poor’s 500, Stocks, Stocks Tumbled, Tackle, Tax Cuts, Tea Party, Tim Geithner, U.S., U.S. Credit Rating, U.S. Credit Rating Downgrade, U.S. Stocks, U.S. Treasury Secretary, United States, Worsen | Leave a Comment »