Originally posted by TimberWolf
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Ratings agency Standard & Poor's warned on Thursday that the ongoing failure of US politicians to reach agreement on the debt ceiling means "there is at least a one-in-two likelihood" that it will downgrade US government debt within the next 90 days."Further delays in raising the debt ceiling could lead us to conclude that a default is more possible than we previously thought," said a statement from S&P. "If so, we could lower the long-term rating on US government this month."
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