S&P downgrades US credit rating to AA amid debt debate
The White House pledged that Washington must do better as Standard & Poor's cuts the United States from AAA to AA. Politicians from both parties traded blame over the downgrade linked to the debt ceiling deal, with Carney praising steps while urging unity to tackle deficits and fiscal reform.
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Obama Eyes Midwest Campaign Push in Battleground States
Obama breaks from Washington gridlock to launch a campaign bus tour through the Upper Midwest and four battleground states. With unemployment above 9 percent and a wary electorate, his re election bid faces economic fears, a debt ceiling fight, and shaken bond ratings heightening urgency. He trails in Iowa Michigan Ohio and Pennsylvania according to polls.
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