America Breaking News: Judge Tentatively Lets U.S. Pursue Lawsuit Versus S&P

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America Breaking News: Judge Tentatively Lets U.S. Pursue Lawsuit Versus S&P

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America Breaking News: Judge Tentatively Lets U.S. Pursue Lawsuit Versus S&P

by Wochit 0:52 mins

America Breaking News: Judge Tentatively Lets U.S. Pursue Lawsuit Versus S&P

by Wochit 0:52 mins

A federal judge has made a tentative ruling that would let the U.S. government pursue its $5 billion civil lawsuit accusing Standard & Poor's of defrauding investors by inflating credit ratings prior to the financial crisis. U.S. stock market futures rose, with sentiment boosted by Alcoa's unofficial kickoff to the second-quarter earnings season. The White House lowered its projection for economic growth this year while issuing rosier estimates on unemployment and the federal budget deficit. In its annual "mid-session review" budget update, the White House said it expects the economy to grow 2.4% this year, lower than the 2.6% it projected in April....

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