Today: S&P Downgrade Shows U.S. Debt Crisis Could Have Dire Consequences - Money Morning

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Apr 26, 2011

S&P Downgrade Shows U.S. Debt Crisis Could Have Dire Consequences - Money Morning

The latest development in the U.S. debt crisis came yesterday (Monday) when Standard & Poor's finally downgraded its outlook for U.S. debt to "negative," from "stable."

That's right: Of the 17 countries that S&P has rated AAA, the United States is the only sovereign that carries with it a negative outlook.


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