S&P Downgrades U.S. Credit Rating

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Citing political risks and a rising debt burden, Standard & Poor's lowered the U.S. AAA credit rating by one notch to AA-plus. This is the first time in history that the United States has had its credit rating lowered. The agency said the deficit plan passed by Congress did not go far enough to stabilize the country.

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Copyright NPR. View this article on npr.org.