Standard & Poor's, the credit rating agency is warning that there is a 50 % chance it will downgrade the U.S. government's credit. This credit downgrade, if it happens does not depend on the Aug. 2nd date either - it could happen before that date.
This is what happens when politicans have an ADDICTION to SPENDING.
And the people of America must suffer for that ADDICTION.
And the White House, Senate & Congress are still playing POLITICS.