Obama Dismisses Standard & Poor's Downgrade, Sees New Urgency in Debt Talks

President Obama today expressed confidence in U.S. government finances, following a first-ever downgrade of the country's AAA credit rating by Standard & Poor's, and said he senses new urgency for a bipartisan debt-reduction deal later this year. "No matter what some agency may say," Obama said, "we've always been and always will be a triple-A country." But the president's remarks, his first since the downgrade, did little to calm volatile stock markets, which began tumbling from Monday's...Full Story
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