TD-Current Event - TD-Current Event-Dr BabbGo to any major...

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Unformatted text preview: TD-Current Event-Dr. BabbGo to any major news website (,, Pick an article that interests you. Is there any economic concept that you learned this session that you can apply to the article. How has this course deepened your understanding of the topic? Briefly describe the article and concept.The biggest news story being reported today is the S&P downgrade of the US credit rating from AAA to AA+. One particular article I read was on, titled "US government loses triple-A credit rating: S&P says deficit plan doesn't go far enough; move could raise borrowing costs." One of the most prominent points of the article indicates that it is very likely to eventually raise interest rates in borrowing costs for the American government, companies and consumers. Even more damning is that the S&P said in a statement, indicating another downgrade was possible in the next 12 to 18 months....
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