In other news, Moody’s Investor Service cut the credit rating of the United Kingdom today because of weak growth outlook. Score one for austerity.
Also — the Department of Justice has reportedly joined a civil lawsuit against Lance Armstrong on behalf of the U.S. Postal Service.
“This lawsuit is designed to help the Postal Service recoup the tens of millions of dollars it paid out to the Tailwind cycling team based on years of broken promises,” Ronald Machen, the U.S. attorney for Washington, said in a statement.
The sponsorship money totaled more than $30 million, the government said.