MELISSA BLOCK, host: This is live special coverage from NPR News. I'm Melissa Block on an evening when Standard and Poor's has moved to downgrade the US credit rating. The ratings agency lowered the U.S. long-term rating from AAA to AA-plus. By way of explanation, S&P said, among other things, that it is pessimistic about the ability of Congress and the administration to stabilize the U.S. debt. It said the recent political brinksmanship over the debt shows America's policy-making to be less stable and predictable than thought.
Originally published on Fri August 5, 2011 6:53 pm
By Eyder Peralta
Standard & Poor's announced that it had lowered the United States' long-term credit rating to double-A plus. The ratings agency cited political risks and a rising debt burden for their decision.
"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," the agency said in a press release.
This is the first time in history that United States has had its credit rating lowered.
Originally published on Fri August 5, 2011 6:40 pm
Credit rating agency Standard & Poor's says it has downgraded the United States' credit rating for the first time in the history of the ratings.
The credit rating agency says that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation.
Damage done to these Norway spruce trees has been blamed on contact with Imprelis. DuPont is pulling the herbicide.
DuPont Co. is pulling a new herbicide from the market, after it was blamed for damaging or killing thousands of trees. Since the EPA approved the weedkiller Imprelis for sale last October, it has become the target of several lawsuits.
As reported by the Lawn and Landscape website, DuPont has posted a letter announcing the suspension of sales, and instituting a return-for-refund policy. The company also expressed regret for any "tree injuries."