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Credit rating

Original post made by Dismayed, Another Pleasanton neighborhood, on Aug 5, 2011

According to the Associated Press, "The United States has lost its coveted top AAA credit rating. Credit rating agency Standard & Poor's on Friday downgraded the nation's rating for the first time since the U.S. won the top ranking in 1917. The move came after Congress haggled over budget cuts and the nation's borrowing limit — and failed to cut enough government spending to satisfy S&P. The issue has contributed to convulsions in financial markets."

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