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US government loses triple-A credit rating
United States, Washington: The US Treasury on August 5, 2011 after Standard & Poor's cut the US credit rating for the first time in history.
The US has lost its top-level triple-A credit rating for the first time since 1917, after Standard & Poor’s downgraded it to an AA-plus, with an even lower AA rating on the horizon.
The decision comes after the White House and lawmakers reached...
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