Katie Pavlich

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

Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is a New York Times Best Selling author. Her new book Assault and Flattery: The Truth About the Left and Their War on Women, will be published on July 8, 2014.

“Mamas, don’t let your babies grow up to be brainwashed government dependents. Buy this book!" says Michelle Malkin.

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Author Photo credit: Jensen Sutta Photography