Once scalper always scalper
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Moody’s Puts US on Review for Downgrade, Obama and Cantor Feud at Debt Negotiations
The impasse in regards to passing an increase to the debt ceiling and the consequences associated with that have come home to roost as we have Moody's putting the US under review for a credit rating downgrade, a step you do not want as a country. Instead of a "grand bargain" which would have cut $4 trillion from the deficit over the next 10-12 years, may instead be a short term bill worth $1.6 trillion. The latest debt discussion got heated as Obama dressed down Cantor towards the end of the meeting.
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