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Mon, Oct. 24 2011 06:33 PM EDT

Another US Credit Downgrade Likely

By Napp Nazworth
Another credit rating's agency could downgrade U.S. credit by the end of the year, according to a report by Bank of America Merrill Lynch. An expected failure from the Joint Select Committee on Deficit Reduction, or “supercommittee,” was the main reason for the potential downgrade. U.S. credit was already downgraded by Standard & Poor's in August. (A link to this page will be included in your message. )

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