Today’s Economic News

George Lakoff praises President Obama’s budget speech. Meanwhile, the President will be on the road this week to sell his plans for the budget, including tax increases for the rich.

Standard & Poor has issued a “negative” credit rating outlook on the U.S., which means the S&P thinks there is a 33 percent chance it’s going to have to downgrade the U.S. credit score in the next couple of years. (Would a subscription to one of those credit report sites help?) Paul Krugman comments.