S&P aims to whip Congress into debt action

S&P aims to whip Congress into debt action Monday’s market reaction makes sense if S&P’s announcement that it ‘could lower’ its long-term view on the US is seen as a political move, writes Brad DeLong
http://link.ft.com/r/S4XZQQ/C52HL7/JIYS70/3OL0GU/EW2Q9O/SN/h?a1=2011&a2=4&a3=20