Yesterday Elisabeth reported that Moody's credit agency has warned that the U.S.-AAA credit rating could be downgraded as debt talks in Washington continue to staul and default looms. Standard and Poor's, is enforcing that warning.
Standard & Poor's has warned lawmakers privately that it would downgrade the country's debt if the Treasury Department is forced to prioritize payments because Congress does not raise the debt limit, a congressional aide said on Thursday.
Katie Pavlich is the Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is a New York Times Best Selling author. Her latest book Assault and Flattery: The Truth About the Left and Their War on Women, was published on July 8, 2014.
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