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Rating Agency Downgrades US Credit Outlook

Standard and Poor's Ratings Services announced Monday that the United States continues to have a AAA [Triple-A] credit rating, but the rating agency lowered its long-term credit outlook for the U.S. government. SP cited U.S. budget deficits and gover

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I'll Keep it on My Floor

I'll Keep it on My FloorMy 16-year-old son, Jeff, is a boy any parent would be proud of --until you see the floor of his room, covered with layers of clothes, magazines and sports equipment. Recently I accompanied Jeff to the credit union where he op

S&P Downgrades US Credit Rating for First Time

The credit rating agency Standard Poor's has downgraded the U.S. credit rating for the first time ever from the country's elite AAA status to AA-plus, with a negative outlook. In a statement late Friday, SP said it made the move because the deficit-r

Italy Faces Credit Rating Cut

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S&P Cuts Italy's Credit Rating

Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl

US Faces Possible Credit Rating Downgrade

U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys