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Federal Budget and Economy: TaxVox

S&P's $2 Trillion Error

In the final hours before Friday’s historic downgrade, Standard & Poors gave Treasury an advance copy of its report. Amazingly, that report contained a $2...
August 7, 2011Donald Marron
Federal Budget and Economy: TaxVox

Five Things You Should Know About the S&P Downgrade

On Friday night, Standard and Poors announced that it was downgrading U.S. long-term sovereign debt from AAA to AA+ , the first such downgrade in...
August 6, 2011Donald Marron