This article over at Zero Hedge reports that the Egan Jones rating agency has downgraded the United States credit rating once again.

Now Egan Jones is not a giant in the world of credit rating, but the article properly points out that Standard and Poors stated back in February that they could downgrade again in six months if the country didn't at least get a budget in place for the government.

Not only have the Democrats in the Senate resisted actively any effort to get a budget in place, but the country is on track to breach the deficit ceiling again in September.  Obama's budget proposal was so bad that for the second time in his term as President, it was voted down unanimously.  This sort of needless political irresponsibility by the Democrats makes another downgrade nearly certain.

 Knowing all this, address your financial investments accordingly.