United States federal government credit-rating downgrade, 2011
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After the 112th Congress voted to raise the debt ceiling of the United States federal government, the credit rating agency Standard and Poor's downgraded the credit rating of the United States federal government, despite criticism from the United States Treasury, Republican political figures, and many businessmen and economists. The 2011 credit rating downgrade by Standard and Poor's occurred on August 6, 2011.
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