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  • Breaking News from ABC30 in Fresno, California
  • Wall St. takes a dive on first day after downgrade
wall street, debt rating, standard and poor, business
  • Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt.
standard and poor, debt rating, business
  • A dramatic drop for the dow on wall street in the wake of the S&P's credit downgrade. But it's not just stocks you should be worried about. Real Estate buyers and sellers are concerned about what could happen next to an already-fragile housing market.
standard and poor, housing, debt rating, consumer, christine park
  • Rudolf Oultz watches the display board at the Australia Stock Exchange in Sydney, Monday, Aug. 8, 2011. Australian and New Zealand markets have opened lower in reaction to ratings agency
  • Global stocks took another pounding Monday as worries over the downgrade of U.S. debt outweighed relief at the European Central Bank's purchase of Italian and Spanish bonds to help the two countries avoid devastating defaults.
standard and poor, debt rating, economy, business
  • Standard & Poor's downgrades U.S. debt rating from AAA to AA+, the first downgrade in U.S. history.
debt rating, standard and poor, business, tommy tran