You know, I think the politicians needed this. I hope so. Wake up their idea. If there is no deal and action, it doesn't matter which stripe you belonged to. Can they turn this into a blessing in disguise. It is up to them.
From the WSJ
Since S&P began assigning outlooks to government debt in 1989, five AAA-rated countries have been assigned negative outlooks, including Britain in 2009. Three were subsequently downgraded, and Britain and one other were returned to a stable outlook. S&P acted after it determined that new British austerity measures to cut spending and raise revenue would reduce the government deficit to 3% of GDP by 2014 from 11.2% in 2009.
If the U.S. reaches a British-style resolution, S&P will restore the U.S. outlook to stable, Mr. Chambers said.