Standard & Poor's to downgrade US government debt ?

The US has been warned that the credit rating on its government debt could be cut by Standard & Poor's.

S&P is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

It has downgraded its outlook from stable to negative, increasing the likelihood that the rating could be cut within the next two years.

[link to www.bbc.co.uk]



this is it ! the doom is coming, the other credit rating organizations will follow suit, but which will cut the rating first ?

surly a downgrade to AA or even A will be the straw that broke the camels back, the Dollar is surly now on the edge of a precipice, can it hold on though ?