Shadow chancellor Ed Balls has said the downgrading of Britain's credit rating is in the Chancellor's own words, a "humiliation for this government".
Mr Balls said George Osborne had failed the first economic test he set himself.
"He used to say downgrade would be a disaster, now he says it doesn't matter", he added.
More top news
Barack Obama urged Donald Trump to "go forward with his vision and his values", as he warned of "complexities" in office.
Missing RAF gunner Corrie McKeague's mother has said he had an account on a swingers' website.
"I will work with him where we can, but I just didn't want to go celebrate or legitimise or normalise his presidency," one US lawmaker said.