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08-06-2011, 12:34 PM #1
What the S&P downgrade means to you
Q&A: What the S&P downgrade means to you
Some questions and answers about the S&P downgrade:
Q: What happened?
A: The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits.
“S&P wanted something more concrete, and larger, sooner rather than later,â€NO AMNESTY
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