Bloomberg – Standard & Poor’s President Deven Sharma declined to pick a winner among deficit-reduction plans being debated by U.S. lawmakers, telling a House panel that decisions on whether to downgrade the nation’s debt will hinge on the long-term impact of any final measure.
S&P has monitored congressional debate over budget-cutting proposals offered during negotiations aimed at increasing the $14.3 trillion federal debt limit before an Aug. 2 deadline, Sharma said yesterday in response to questions at a House Financial Services subcommittee hearing on credit-rating firms.
