In August 2011,Standard & Poor's (S&P)changed Its Rating on U

question 212

Multiple Choice

In August 2011,Standard & Poor's (S&P) changed its rating on U.S.Treasury bonds from "AAA" to "AA+" based on the state of the federal government's budget deficit.This was the ________ a rating agency had given Treasury bonds less than a rating of "AAA."

• A)first time ever
• B)second time since the year 2000
• C)first time since the Great Depression
• D)fifth time in history

Understand union financial obligations and political engagement laws.

Grasp the principles of mediation and the role of federal mediation services in labor disputes.

Acknowledge the limitations placed on public sector unions concerning negotiations over labor conditions.

Understand the historical background and rationale behind the Landrum-Griffin Act of 1959.