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IPFS News Link • Economy - Economics USA

S&P downgrades U.S. credit rating for first time

S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.

1 Comments in Response to

Comment by trevor
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This obviously calls for a new classification like "sub AAA but favored and with exceptions" or "teacher's favorite failing student".