Hope and change? Well, we're going to get a load of change.

 
And so it begins:
Rating Action
On Aug. 5, 2011, Standard & Poor's Ratings Services lowered its long-term
sovereign credit rating on the United States of America to 'AA+' from 'AAA'.
The outlook on the long-term rating is negative. At the same time, Standard &
Poor's affirmed its 'A-1+' short-term rating on the U.S. In addition, Standard
& Poor's removed both ratings from CreditWatch, where they were placed on July
14, 2011, with negative implications.
The transfer and convertibility (T&C) assessment of the U.S.--our
assessment of the likelihood of official interference in the ability of
U.S.-based public- and private-sector issuers to secure foreign exchange for
debt service--remains 'AAA'.
You can go here to read the rest of the good news!

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