S&P downgrades US credit rating (Dow Jones)

Date: 8/6/2011

US ECONOMY VIDEO S&P downgrades US credit rating (Dow Jones). China tells US "good old days" of borrowing are over. Standard & Poor's cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation's budget deficits and climbing debt burden.

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