The blame game has continued among US political parties after the country’s loss of its triple-A credit rating.
Standard and Poor’s decision to reduce it down to AA+ has highlighted the polarised nature of American politics.
Democrats say the conservative Tea Party movement is responsible, Republicans say the downgrade is an indictment of President Obama’s leadership.
Either way common ground will have to be found to solve the country’s debt problem.
The president has had one piece of goodnews. Treasury Secretary Timothy Geithner is to stay on in his job. Geithner had indicated he might leave after the debt-ceiling increase talks.
His experience is needed more than ever after last week’s 11th-hour deal failed to prevent the unprecedented credit downgrade.