Thursday, 28 July 2011

S&P: $4 Trillion is Only a Start

Is $4 trillion in debt reduction cuts over the next decade or so enough to satisfy Standard & Poor’s, the credit ratings agency now threatening a 50-50 chance of a swift credit rating downgrade to the U.S.’s Triple-A without that sum? That $4 trillion may not be enough, says S&P, it may want ...


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