Debt Ceiling Compromise Reached, but Will U.S. Lose Its Credit Rating?

Now that Congressional leaders and the president have struck a budget deal that, if passed by Congress, would prevent the U.S. government from defaulting, the country's pristine credit rating could still suffer a blow, raising the specter of an interest rate spike and a devastating ripple effect throughout the economy. Earlier this month, the credit rating agency Standard & Poor's warned that the U.S. risked a downgrade to AA status if Congress doesn't lift the debt ceiling and reduce the...Full Story
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