Monday, August 8, 2011

S&P executive says it could take more than a decade to restore US credit rating - TheHill.com

S&P executive says it could take more than a decade to restore US credit rating - TheHill.com: "John Chambers, the chairman of Standard & Poor’s sovereign debt ratings, on Sunday estimated that it could take 9-18 years for the nation to regain its AAA credit rating.

Chambers said the credit agency could further downgrade the national rating depending on whether President Obama and congressional leaders can agree on reducing the deficit."

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