S&P's downgrade of US credit brought the country's debt problem to the forefront, but the US is not alone; the euro crisis is flaring up again along with concerns over European banks.
For the first time in US history, the US credit rating was downgraded on August 5. Coming on the heels of the steepest stock-market drop since the 2008 financial crisis, it was a big blow to an already fragile financial system.
For the first time in US history, the US credit rating was downgraded on August 5. Coming on the heels of the steepest stock-market drop since the 2008 financial crisis, it was a big blow to an already fragile financial system.
