US deficit prompts S&Ps to issue warning on Fed debt

18th April 2011, Comments 0 comments

The US Federal Government still has a triple A rating from Standard & Poor’s but the US outlook has been downgraded from “stable” to “negative” for the first time in the 70 years that S&P’s has been rating the debt. The news Monday 18 April caused stock markets throughout the world to tumble, although they ...

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