The Scan for Thursday, July 28

Receiving Wide Coverage ... To Downgrade or Not to Downgrade... At a hearing on Capitol Hill the president of Standard & Poor's, Deven Sharma said that some newspapers have misreported his company's position on the U.S. debt crisis as having set a $4 trillion deficit reduction target in order for the country to preserve its triple-A credit rating. He said that some of the plans being considered that would reduce the U.S deficit by less than...