S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects...

|By:, SA News Editor

S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."