President Obama speaks about passage of the debt limit bill, Aug. 2, 2011.(CNN)
Updated: Monday, 08 Aug 2011, 1:10 PM CDT
Published : Monday, 08 Aug 2011, 12:53 PM CDT
WASHINGTON (AP) - President Barack Obama says the U.S. always is and always has been a triple-A country, despite its rating agency downgrade.
He said also the U.S. didn't need a rating agency to tell it that it's political system was having trouble functioning.
Speaking at the White House on the Standard & Poor's downgrade, Obama renewed a plea to Congress to take action in September of help create jobs and cushion Americans from a still weak economy.
Obama said financial markets around the world "still believe our credit is triple-A. I and the world's investor's agree."