Computation Errors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Administration official who says it s amateur hour at s&p. because of the back and forth, the ratings agency informed the government this afternoon it intended to downgrade provided the computations that were underlying that decision. they were shown, officials showed computation errors in the debt to gdp ratio apparently involving the confusion about the proper baseline to use. s&p went back and reconsidered, now they are going back and downgrading. that is not sitting well with the administration. john, what do you expect to hear from the administration about this? they surely have to they ve had some hours to anticipate it. they must have a position that they are going to stake out on it. i think what they are likely to say, lawrence, is that two of the three major agencies have maintained aaa, secondly, they ll say that u.s. treasury ....

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