Senate Banking Panel May Probe S&P Downgrade

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Aug. 9 (Bloomberg) -- The U.S. Senate Banking Committee is looking into the decision by Standard & Poor's to downgrade the nation's credit rating for the first time in history. Senate Banking Committee Chairman Tim Johnson, a South Dakota Democrat, is gathering more information on the Aug. 5 decision, which has been criticized by Treasury Secretary Timothy Geithner and other Obama administration officials. Bloomberg's Megan Hughes reports on Bloomberg Television's "Street Smart." Matt Miller also speaks. (Source: Bloomberg)

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