Nothing to do with the Washington landscape, but S&P rating no longer has meaning. This should be the only story about the rating fiasco. They made a $2 trillion mistake and are sticking to their guns. In the mean time investors are investing in the newly down graded U.S. T Bills lowering the U.S. rates.
They were off by 8%
S&P downgrades and money floods into long term U.S. Bonds lowering interest rates which were already low.