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Is the US Credit Rating Downgrade a Nothingburger?

The Breakdown

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Fitch Downgrade: A Bizarre and Baseless Decision

US Treasury Secretary Janet Yellen was not happy with the downgrade. The move echoes a controversial downgrade by fellow ratings agency standard S&P in 2011. Fitch said there has been a steady deterioration in standards of governance over the last 20 years.

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