S&P lowers credit outlook for US, stocks falling

Stocks fell significantly Monday as the Standard & Poor lowered the U.S.'s credit rating to negative.
The lowering of the U.S.'s credit outlook by S.&P. came from the risk of lawmaker's inability to resolve fiscal difficulties, according to the New York Times.
The report released Monday compares the U.S. to other highly rated nations and that the U.S. does not have a clear direction on addressing and resolving our large debt, according to the New York Times.
As the U.S. is currently approaching the nationally set debt ceiling of 14.3 trillion dollars, lawmakers have only indicated that they are coming to an agreement on balancing the budget, according to the LA Times.
An S.&P. analyst said in a statement that though it has been more than two years since the beginning of the current financial crisis, policymakers have yet to address or resolve the issues, according to the LA Times.
Republicans and Democrats have very conflicting views on how to balance Washington's budget, and neither are willing to compromise as of now, though the decision has been negatively affecting the U.S. people for years, according to the LA Times.

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