Looks like America's credit rating is about to lose an "A" again.
The United States will probably suffer the loss of its triple-A credit rating from another rating agency by the end of this year because of concerns over the deficit, Bank of America Merrill Lynch is forecasting.
The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the deficit. ...Guardian
It's interesting that most American media would toss this failure on Obama's desk. It takes an international paper like the Guardian (and the credit rating agencies themselves) to give, um, credit where credit is due. This time, fellas, the blame belongs to Congress -- as it has all along.
