U.S. is losing the AAA-rated excellent for the first time

Reduced the credit rating agency Standard & Poor's on Friday that the classification of debts of the United States for the first time since the country won the top ranking in 1917, the symbolic blow to a superpower in the economic world in what was widely criticized tone of American politics - NEW YORK system.

The company said it is one of the three major agencies that provide advice to investors in debt securities, it will reduce the classification of long-term debt Federal's AA - plus, one notch lower than a higher degree of AAA concerns about the government's budget deficit and high debt burden. Work is likely to eventually raise borrowing costs for American companies, government and consumers.
"The reduction reflects our view that fiscal consolidation plan that Congress and the administration recently agreed to live up to what, in our view, will not be required to achieve stability in the dynamics of government debt over the medium term," said Standard & Poor's said in a statement. The Standard & Poor's credit rating outlook on the new U.S. is "negative", in a statement, referring to the other it was possible to reduce the level in the 12 months to 18 months.

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Gold prices follow each twist in debt-limit talks

Gold prices got whipsawed Wednesday as investors tried to determine whether a deal to reduce debt can occur. Gold has been whipsawed gold prices Wednesday, as traders try to make sense of this impasse in Washington on raising the country's borrowing limit.Gold for August delivery as high as $ 1,627.90 an ounce in the morning - if not, can the price of gold soar.NEW YORK trading. Later in the day, and gold prices fell $ 1.70 to settle U.S. $ 1,615.10 an ounce.


If Congress can not reach an agreement to raise the debt ceiling before the end of this month 2, the United States could default on its debt. That would be sure of the turbid financial markets and rising gold prices as investors sent on a quest to relatively safe places their money.

Said George Gero, Vice President of RBC Global Futures in New York in the gold trade is very volatile because investors are buying or selling each title on the basis of the discussion about religion.

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Nicole Scherzinger sizzles in fur coat as she works in sweltering New York

The X Factor's latest issue has a warm statement today as she landed in America, her new work begins.
With temperatures topping a humid 30 degrees Celsius in New York City, Dolly Parton put fashion before comfort by wearing a thick furry vest as she arrived in the Big Apple.
While the rest of the city in exchange for their winter woollies tight summer clothes and shoes, the former Pussycat Dolls singer topped off her cat-like tabby-colored coat with a seventies style floppy hat, skin-tight jeans and knee-high boots .

Ferguson has flown in from London for her seat to take on the judge's panel at the New Jersey auditions on Wednesday.
Although word has emerged at the weekend that Cheryl Cole had her job back at X Factor offered after he was fired two weeks ago, the 27-year-old snubbed the offer, leaving the Pussycat Doll

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