Mark Gongloff, Columnist

The Debt Ceiling Fight Won’t Ding America’s Credit, at Least

The rating downgrade in 2011 didn’t hurt the country’s borrowing costs at all.

Here comes trouble.

Photographer: Bloomberg/Bloomberg
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Back in March, we reintroduced you to the decider at Standard & Poor’s who shook the Downgrade Stick at the credit rating of the United States of America back in 2011, during another pointless debt-ceiling fight. He had zero regrets about it, which was good to hear, because nobody else has lost a second of sleep about it either.