Moral Outrage
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Posts Tagged ‘U.S. bonds

Downgrade of the US AAA credit rating

July 29, 2011

A downgrade of the United States’ stellar AAA credit rating seems likely. The White House had been alerted repeatedly over the past month by rating agencies that without a strong, long-term plan to restructure the country’s debt, they would lower America’s credit rating as soon as today, according to two officials familiar with the process. […]