S&P sovereign ratings chief John Chambers sticks by the agency’s suggestion that a $4T...

|By:, SA News Editor

S&P sovereign ratings chief John Chambers sticks by the agency’s suggestion that a $4T target long-term deficit reduction plan would be necessary for the U.S. to keep its AAA rating. "$4T would be a good down payment," he says. "It takes you far along, and a grand bargain of that nature would signal the seriousness of policy makers."