Moodys downgraded US credit rating
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1don MSN
After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt.
The downgrade, which places the U.S. government one notch below Moody’s top Aaa status, comes as lawmakers weigh a budget that would extend significant tax cuts and boost spending for years