Constitution Check: Does the Constitution shield S&P’s downward rating of U.S. credit?

A congressional committee held a hearing July 27 on the slow pace of government moves to write new rules to govern the credit rating agencies like Standard & Poor’s, Moody’s and Fitch Ratings.  This was shortly before S&P downgraded the U.S. credit rating from AAA to AA+, sending financial tremors around the globe. The constitutional […]