Where is US economy heading..

Given the size of the US economy and the pre-eminent role of the dollar worldwide, the cut to Washington's credit rating ought to spill over throughout the global economy.

But for the same reason - that the dollar and US debt are so widely held and relied on in finance and trade - many analysts think the impact will not be too heavy, at least in the short run.


But there are quite a bit of uncertainties and only coming time would tell how is fares..