Tuesday, August 9, 2011
US Stocks Tumble in Wake of Credit Downgrade
VOAVideo: US Stocks Tumble in Wake of Credit Downgrade
The stock sell-off continued Monday, as world markets absorbed the news that the U.S. credit rating has been downgraded for the first time in the country's history. President Barack Obama dismissed the rating downgrade and insisted the U.S. remains a safe bet. But many are not so sure. Mil Arcega reports.