US Debt Clock

AAA Debt Rating: What Would Life Be Like Without it?

Andrew Pyle | Posted 09.27.2011 | Canada Business
Andrew Pyle

At the end of the day there is nothing sacred about that AAA stamp on Washington IOUs. Since the popular press has done a good job in linking the Aug. 2 deadline with the future of the U.S. credit rating, many believe that getting a debt authorization increase by this date will protect it. That would be naïve.