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US Postal Service warns it could default |
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From Yahoo News:
"The US Postal Service warned on Friday that it could default on payments
it owes the federal government, just days after the US government
itself narrowly averted a default."
To read this story, please visit Yahoo News
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S&P downgrades U.S. credit rating for first time |
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From The Washington Post:
"Standard & Poor’s
announced Friday night that it has downgraded the U.S. credit rating
for the first time, dealing a symbolic blow to the world’s economic
superpower in what was a sharply worded critique of the American
political system."
To read this story, please visit The Washington Post
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Europe on Brink of 'Major Financial Collapse': Guggenheim CIO |
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From CNBC:
"Europe is a "train wreck" and on the "brink of a major financial crisis," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday."
To read this story, please visit CNBC
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The rating outlook is now negative, Moody’s said in a statement yesterday after President Barack Oba |
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From Bloomberg:
"The rating outlook is now negative, Moody’s said in a
statement yesterday after President Barack Obama signed into law
a plan to lift the nation’s borrowing limit and cut spending. "
To read this story, please visit Bloomberg
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Chinese agency cuts U.S. debt rating again |
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From Market Watch:
" Chinese credit-rating agency Dagong Global Credit Rating Co. again
downgraded U.S. sovereign debt Wednesday and warned of further
downgrades, the state-run Xinhua news agency reported. Dagong cut U.S.
Treasurys to A from A+, with a negative outlook, saying growth in U.S.
debt is still outpacing revenue growth. "
To read this story, please visit Market Watch
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