August 7, 2011 - 4:54pm
"Secretary Geithner assured everyone that raising the debt ceiling without a plan to balance the budget would not result in a downgrade to our debt. He was clearly wrong."
On Friday, the Standard & Poor's credit rating agency downgraded the U.S. rating for the first time in history; from AAA to AA+.  And the agency’s managing director, John Chambers, told ABC News that there is a 1 in 3 chance that the U.S. credit rating could be downgraded another...
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