Friday, August 5, 2011

S.&P. Downgrades U.S. Long-Term Debt - NYTimes.com

S.&P. Downgrades U.S. Long-Term Debt - NYTimes.com

Standard & Poor’s removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic significance but carries few clear financial implications.

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