What took you so long? S&P finally puts the U.S. on negative credit watch

What took you so long? S&P finally puts the U.S. on negative credit watch

The day started off as contest between the U.S. dollar and the euro to see which was the world’s worst currency. The euro had the early lead on fears that Greece would have to restructure its debt and worries that Finland’s election results might scupper any Portuguese bailout package. But Standard & Poor’s downgrade of its outlook for U.S. debt moved the dollar back ahead in that race.