Standard & Poor’s - The Daily Californian

Tuesday, August 30, 2011

After credit downgrade, U.S. government on level with Berkeley

Now that the United States government’s credit rating was downgraded to AA+, it currently has the same rating as the city of Berkeley, according to a post from Berkeleyside. On Aug. 5, Standard & Poor’s downgraded the United States, which is the world’s largest economy, from a AAA rating — Read More…

Campus

Tuesday, August 16, 2011

UC Berkeley alumnus discovers $2 trillion calculations error

A UC Berkeley alumnus found a $2 trillion calculation error used by a major credit rating agency to decide on a historical downgrade of the United States’ credit rating. John Bellows, acting assistant secretary of economic policy at the U.S. Department of the Treasury who received his Ph.D. in economics Read More…