http:\/\/uprisingradio.org\/home\/?p=17281<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"After hitting a low-point on Monday, the biggest drop in 10 months, the Dow Jones Industrial average jumped back up this morning. The stock market is expected to remain volatile in the wake of the downgrading of the U.S.’s credit rating on Friday by Standard & Poor (S&P), and ahead of a policy statement expected […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-22872","post","type-post","status-publish","format-standard","hentry","category-daily-program"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/22872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=22872"}],"version-history":[{"count":0,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/22872\/revisions"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=22872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=22872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=22872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
After hitting a low-point on Monday, the biggest drop in 10 months, the Dow Jones Industrial average jumped back up this morning. The stock market is expected to remain volatile in the wake of the downgrading of the U.S.’s credit rating on Friday by Standard & Poor (S&P), and ahead of a policy statement expected from the Federal Reserve. The S&P downgrading was historic – after months of political wrangling over raising the debt ceiling in order to preserve the U.S.’s credit rating, the private company was the only one to reduce the rating from AAA to AA+. It is the first time in history that such a move has taken place. In a document explaining their reasoning, Standard and Poor said, “America\u2019s governance and policy making is becoming less stable, less effective, and less predictable.\u201d Meanwhile, the two other major credit rating agencies, Moody\u2019s and Fitch, have stood firm on their AAA rating. President Barack Obama gave a short address at the White House yesterday reflecting on the downgrade. Obama also said he plans to push for an extension of the payroll tax cut and unemployment benefits, and “modest adjustments” to Medicare to help boost the economy. Meanwhile, Conservatives have jumped on the S&P downgrade issue to blame the President. Presidential candidate Mitt Romney lambasted Obama for carrying out a “partisan, blame-oriented presidency,” and said the downgrade “punctuated once again the failure of leadership by the president.\u201d Another Republican Presidential candidate, Michele Bachmann, blamed Obama for “dismiss[ing] the downgrade of our country’s credit rating, and argu[ing] that there’s no more room for spending cuts in Washington.” But billionaire investor Warren Buffet, some Democrats, and even the President’s spokesman are bandying about the term, “Tea Party downgrade,” saying that the S&P gave in to the extreme rightwing groups. <\/p>\n