S&P's Beers on U.S. Credit Rating Downgrade

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Aug. 5 (Bloomberg) -- David Beers, the London-based managing director of sovereign credit ratings at Standard & Poor’s, talks with Bloomberg's Tom Keene about S&P's downgrade of the U.S. credit rating. The U.S. had its AAA credit rating downgraded for the first time by S&P, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. (Source: Bloomberg)

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