Thursday, May 31, 2012

Safety Net Advocates Protest at Standard and Poor's Over Threat on Rating

Safety net advocates protested outside the Standard and Poor's rating agency in San Francisco to highlight a dispute on the state's rainy day fund. Health and human service activists say lawmakers should use the one billion dollar rainy day fund to protect social programs. But that could trigger Standard and Poor's to downgrade the state's credit rating. Elise Guillot reports.