Treasury Secretary Timothy Geithner says Standard & Poor's has "terrible judgement and they've shown a stunning lack of knowledge of basic U.S. fiscal budget math."
Geithner said Congress owns the credit rating because the Constitution gives Congress the power to tax and spend.
"Congress ultimately owns the credit rating of the United States. They have the power of the purse on the Constitution. And they're going to have a chance now to ... to earn back the confidence of investors around the world and of course they're going to have to do that."
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