White House Attempted to 'Convince' S&P Not to Drop Credit Rating

 The White House apparently was none too pleased with the new projections by Standard and Poors about the US debt situation. S&P earlier this week downgraded the long term payback viability of the country. According to the Washington Post, the Obama Administration even attempted to have the group reconsider and wanted them to change their outlook.

But the U.S. government is an unusual case — it doesn’t solicit ratings. S&P and the other major credit rating agencies offer their judgments notwithstanding.
Spokesmen for the Treasury and S&P declined to comment on the record.

Strange.

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