Sunday 7 August 2011

U.S. downgrade raises anxiety, if not interest rates

WASHINGTON (AP) — The real danger from the downgrade of U.S. government debt by Standard & Poor's isn't higher interest rates. It's the hit to the nation's fragile economic psyche and rattled financial markets. S&P's decision to strip the U.S. of its sterling AAA credit rating for the first time ...


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