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Egan-Jones Downgrades U.S. Sovereign Rating to AA-

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  • Description

    FBN’s Adam Shapiro on Egan-Jones’ decision to downgrade the U.S. from AA to AA-.

  • Duration 0:47
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There Olivia Fox Business briefs the bulls charge their way down on Wall Street for a fourth straight day as investors continue to negotiate with Federal Reserve's aggressive new stimulus -- Help job creation at the closing bell the Dow finished 53 points higher ending the day at thirteen 1005.

93.

But the latest effort from the Central Bank prompted a downgrade for the US sovereign rating from Egan Jones.

The firm slashed the nation's credit rating to double negative saying that Fed's QE3 will likely hurt the US economy more than help it.

For the oil prices continuing their upward trend surging to a four month high during today's session American drivers feel the pain at the top.

According to triple a.'s daily fuel gauge the national average for a gallon of regular gasoline now three dollars and 87 cents a gallon that's the latest news from the Fox Business Network giving you the.

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