U.S. Credit Rating, Obama Administration's Response

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Aug. 8 (Bloomberg) -- Al Hunt, executive editor at Bloomberg News, talks about Standard & Poor's downgrade of the U.S. credit rating to AA+ from AAA the Obama administration's response to the move. Hunt, speaking on Bloomberg Television's "InBusiness With Margaret Brennan," also discusses Moody's Investors Service's affirmation of the nation's top Aaa ranking and outlook for the economy. (Source: Bloomberg)

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