Obama briefed on S&P downgrade before leaving W.House
WASHINGTON (Reuters) - President Barack Obama was briefed in advance on Friday on Standard & Poor's intention to downgrade the United States' top-notch AAA credit rating and has continued receiving updates from top aides, an administration official said.
Obama left the White House for the Camp David presidential retreat outside Washington in late afternoon just hours before S&P's announcement. "He was briefed before he left for Camp David and has been receiving updates through the night," the official said.
(Reporting by Matt Spetalnick; Editing by Eric Beech)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article