Alpert Says US Rating Downgrade `Spanking’ of Congress
Aug. 5 (Bloomberg) — Dan Alpert, managing partner at Westwood Capital LLC, talks with Bloomberg’s Tom Keene about Standard & Poor’s downgrade of the US credit rating. The US had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. Bloomberg economist Joseph Brusuelas also speaks. (Source: Bloomberg)