Politics

摘要

It was a tumultuous week on the world's stockmarkets, after Standard & Poor's downgraded America's credit rating for the first time, to a a+. The ratings agency cited the "gulf between the political parties" over how to reduce America's debt, but the Obama administration had nothing but opprobrium for s&p, especially after it emerged that it had overstated the federal debt by $2 trillion in one document. Barack Obama insisted that America was still a "triple-A country".