Description:Â Â John Chambers, head of Sovereign Ratings for Standard & Poor?s, explains why the ratings agency downgraded the U.S. credit rating.
Source: CNNMoney.com â€“ video report
Questions for discussion:
- Summarize the reasons for the S&P decision?
- Do you think it was justified?
- What are the consequences for governments, businesses, and consumer?
- How will this affect the economy?
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