Debt Crisis Survival Guide

As the Treasury Department's Aug. 2 deadline to raise the debt ceiling draws near, the fear is that if a deal is not struck in the next six days, the U.S. could default on its debt. But even if a compromise is reached, many analysts believe that credit agencies could still downgrade the U.S.'s AAA rating. A short-term solution would likely result in a downgrade, according to Citibank, which warned its customers that "the kick the can down the road path ... would not impress the ratings...Full Story
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