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Friday, August 5, 2011

United States Standard and Poor's Credit Rating Downgraded

United States Standard and Poor's Credit Rating Downgraded

America's pristine Standard & Poor's credit rating has taken a hit for the first time.

Standard & Poor’s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.

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