Dispute Over ‘Basic Math’ Began With S&P E-Mail to U.S. Treasury

The e-mail message that unleashed hours of debate between U.S. Treasury Department officials and Standard & Poor’s arrived at 1:45 p.m. on Aug. 5, just as U.S. and European stock markets were limping toward the end of their worst week since 2008.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.