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THE US BUDGET DEFICIT AND UNEMPLOYMENT ARE MUCH HIGHER THAN SRI LANKA.

Aug 7, 2011 10:06:38 AM - news.lk

world_marketOn Friday, Standard & Poor’s announced it would downgrade the credit rating of the United States from AAA to AA+.  Before the announcement it was commonly believed that the recent agreement over US debt ceiling would allow the US to avoid such a downgrade. But according to the rating agency, the agreement reached in Washington is “not enough to stabilize the debt of the United States in the medium term.”