Moody's downgrades $64 billion of U.S. muni debt

Moody's has downgraded the credit ratings of over a thousand local and state governments.  Why do we have to find out from a foreign news media outlet?  Where is the US media coverage of it?

http://www.reuters.com/article/2012/06/22/us-municipals-downgrades-moodys-idUSBRE85L1AK20120622