US parties bicker over who to blame for loss of triple-A rating

US POLITICAL parties yesterday traded blame for the country’s loss of its top-tier triple credit rating from S&P, raising doubts lawmakers can still find a common ground to solve the country’s debt problem.

“It's a partial wake up call. I think this is without question, a Tea Party downgrade,” US Democratic senator John Kerry said.

But Republican Senator John McCain said the downgrade was an indictment of Obama’s leadership.

“I agree there is dysfunction in our system and a lot of that has to do with failure of the president of he United States to lead,” said McCain, who lost the 2008 White House race.