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China has slammed US over its debt. In a strong reaction to the rating downgrade, China has scolded US for its 'debt addiction' and 'short sighted' political wrangling. It's the harshest attack by Beijing on Washington in light of the latest financial scare.

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www.downsizinggovernment.org The federal government's debt may soon be downgraded by major credit rating agencies. What would that mean? Video produced by Caleb O. Brown and Austin Bragg

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This is theVOA Special English Economics Report, from voaspecialenglish.com | http On August twenty-fourth, Moody's Investors Service lowered its credit rating for Japanese government debt. The credit rating agency downgraded Japan one step from Aa2 to Aa3. Japan's finance minister said trust in the economy "will not be shaken" by the action. Moody's said it acted because of Japan's large budget deficits and buildup in government debt since the two thousand nine global recession. Japan's public debt is twice the size of its economy. Japan has the world's third-largest economy. Moody's said another reason was Japan's political situation. Japan has had a series of prime ministers since two thousand six. Japan struggled more than many other countries after the worldwide financial crisis. Japan said its economy shrank at an annual rate of 1.3 percent from April through June. It was the third quarter of shrinkage in a row. The earthquake and tsunami in March hurt manufacturing. Shortages of parts led to a big drop in sales and profit for Toyota, the world's top selling carmaker. Yet the report on the economy was good news. Economists had expected a bigger decrease following the disasters and the nuclear crisis that followed. But there is concern that a rise in the yen could hurt growth. A high exchange value makes Japanese exports costlier and less competitive. Hours after Moody's action, Japan announced a program of one hundred billion dollars in loans to support business <b>...</b>

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The United States' prized top AAA credit rating has been cut for the first time ever. Standard & Poor's has dropped America's ranking to AA+. The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed. S&P says that's not enough - and falls far short of what's needed to stabilize the government's runaway borrowing. But the Obama administration says the analysis is way off, and will damage any recovery. RT on Twitter: twitter.com RT on Facebook: www.facebook.com

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From the Majority Report, MF 11:30am EST at Majority.FM If their ridiculousness over the past few years haven't proved to you that the Tea Party is compromised of lunatics, over the weekend at a Tea Party event the crowd CHEERED S&P's downgrade of the US credit rating. That's right...they CHEERED. For today's full Majority Report show: bit.ly

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Sept. 20 - Policymakers come under even more pressure to resolve the euro zone debt crisis, following a decision by ratings agency S&P to downgrade the euro zone's third largest economy. Kirsty Basset reports.

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For more news visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Follow us on Facebook ☛ me.lt The Ratings Agency S & P have downgraded Italy's credit rating, Euro Zone's third largest economy. This ups the intensity of the pressure on European banks and policymakers to find a solution to the European debt crisis. Italy is again under the spotlight in Europe's debt crisis, after a one notch downgrade by ratings agency S & P put its credit worthiness below Slovakia and on par with Malta. The cost of insuring against default is expected to be pushed up as a result. Robert Halver is from Baader Bank. [Robert Halver, Baader Bank AG]: "The downgrade didn't come as a big surprise but it's getting more and more ugly because the outlook is negative, that means that we will have further downgrades. It's a pity because Italy would be able to cut even more expenses and do a next industrial revolution, but politics are very weak right now in Italy." Last week the Italian government passed an almost 60 billion euro austerity plan after coming under increasing pressure to cut its 1.9 trillion euro debt. But it seems it wasn't enough to prevent Italy's growth outlook worsening. S & P are also concerned about the ability of Silvio Berlusconi's government to deal with the crisis, a sentiment echoed on the streets of Rome. [Romana Tinto, Rome Resident]: "These politicians, this joke of Berlusconi - we have had enough. Everyone should get sacked. All the Italian politicians need to go <b>...</b>

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Sen. Sessions appeared on ABC's 'This Week' with Christiane Amanpour to debate the recent downgrade of America's credit rating from S&P, as well as the nation's growing fiscal crisis. Sessions debated Maryland Governor Martin O'Malley, chairman of the Democratic Governors Association. During the interview, Sessions warned against tax increases, saying that spending has surged dramatically under the president and "we've got to bring spending down, not increase the burden on the private sector." He also explained the adverse affects our debt was having on our economy: "The debt is now 100 percent of GDP, which is hammering our economy... that's why we're having the unexpected decline in growth that we've seen the first half of this year." Sessions said that despite this fact that is supported by much academic research, the president remains in denial, and must rally the country behind needed reform: "When you have a Democratic Senate that will not produce a budget - 830 days without a budget - a president who submitted the most irresponsible budget in history, who is continuing to talk about spending and investing more, whose secretary of education was demanding a 13% increase in the department of education next fiscal year, beginning October 1st, you know we're in denial ; we are not understanding the threat." "The president is going to have to look the American people in the eye and tell them we are on an unsustainable course... And if he asks us to reduce spending by 10 <b>...</b>

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Please let me know what you guys think!

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Transcript: (Image source: Bloomberg/The New York Times) BY TRACY PFEIFFER ANCHOR BLAKE HANSON You're watching multisource business video news analysis from Newsy. They warned it could happen. And late Friday night--it did. Ratings agency Standard & Poor's made the historic move -- to downgrade the United States' long-term credit rating -- for the first time. MSNBC explains the significance of going from AAA -- to AA+. "Standard & Poor's has taken the US down a notch after the long, protracted debt fight in Washington. This means Standard & Poor's considers Canada, France, and the UK more creditworthy than the US The country's credit rating is now on par with Belgium and New Zealand and just one step above Bermuda, Kuwait, and Spain." In a statement, S&P explains -- it really is about the debt drama. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics. More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened..." But what does it all mean? CNN's Felicia Taylor says -- although it may take some time -- average Americans could see the price of borrowing -- on mortgages for example -- go up. And it won't just be the United States seeing effects. FELICIA TAYLOR, CNN: "Everything just got <b>...</b>

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John Key makes stuff up - nek minnit! Promoted by Kurt Sharpe, 35 Hankey St, Wellington For the original raw footage of Key's press conference heard to: www.youtube.com

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Bernard Whitman on Fox discusses the status of US debt talks. A downgrade of the US credit rating would be disastrous for the economy, and Americans would blame House Republicans if this happened. The President had a $4 trillion plan on the table that consisted of 83% cuts, and the Republicans walked away. McConnell's "Plan B" is going to work, and Obama will get the credit for extending the debt ceiling. We need to cut spending, raise taxes where appropriate and invest in infrastructure spending to get the economy moving again.

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The downgrade of the US credit rating has led to a deep downturn in the stock market. Jeff Glor reports on the latest details on the largest one-day drop since 2008.

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The stock sell-off continued Monday, as world markets absorbed the news that the US credit rating has been downgraded for the first time in the country's history. President Barack Obama dismissed the rating downgrade and insisted the US remains a safe bet. But many are not so sure. Mil Arcega reports.

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The French argue with the British on who's economy is more crap, and who should have a credit downgrade. Recorded from BBC Newsnight, 16 December 2011.

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Well our credit just got downgraded from AAA to AA+. Guess who the Conservative Corporatists are gonna blame for this one? Yeah, you're right. But it's NOT gonna work: we have just won this fight, take this victory! (After all, if the economy goes down again, if we have a double dip recession, even a depression, because of this, the Republican Tea Baggers will be left holding the bag, and getting ALL the blame, maybe a few traitorous Corporate Conservadems will too... Then we can enact TRUE Progressive reform!) Even if nothing bad economically happens because of this (which, politics aside, I'm hoping nothing economically bad DOES happen), the Republicans and Tea Baggers are STILL gonna get blamed for this, just WATCH! A conservative plan to stop default and avoid a credit downgrade DIDN'T WORK. Surprise, surprise... Let's try Progressive Populism next time, ok? Please leave questions and comments. Inappropriate comments will be deleted. Also, please rate and subscribe. Thank you, loyal viewers! The right-wing spin, lies, and propaganda over the credit downgrading (HINT: somehow, it's Obama/the Democrats' fault)- politicalticker.blogs.cnn.com www.foxnews.com www.theblaze.com Rick Perry's PRAYERTHON!- www.washingtonpost.com thinkprogress.org politicalticker.blogs.cnn.com www.care2.com Are we losing in Afghanistan? The Taliban shot down a US helicopter- www.nytimes.com

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Robert Auerbach reacts to US credit downgrade

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President Obama Speech Video Aug. 8, 2011 Statement on S&P Downgrade of US Credit Rating to AA+

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Hitler is informed of Standard and Poor's downgrade of the US credit rating. Film clip from "Downfall" or "Untergang" by Constantin Films.

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Hear from ALG President Bill Wilson on how President Barack Obama is handing the S&P downgrade. Plus, we look at debt issues during the Washing, Jefferson and Jackson era.

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Are YOU prepared?? CurrencyOfTheFuture.US Gerald Celente On S&P Credit Downgrade, Global Meltdown, & Martial Law - KSFO 8-9-11 (2 samples.eFoodsGlobal.com Do you have healthy, long-term, dehydrated food reserves? eFoods Global has the BEST dehydrated storable food on...

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The credit rating for the United States has been downgraded from the highest level. What does that mean for your family, and your bank account? We talked to an expert.

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Many worry the credit downgrade by Standard and Poor's could stall US economy.

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Why the US deserved its credit rating downgrade. From the PJTV Report with Brandi Milloy.

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First 5 seconds Geithner says "no risk" of us losing our aaa credit rating. This was back in April 2011

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