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11:16 AM Moody's affirms the U.S. AAA rating, convinced the government will
take "further fiscal measures," to rein in the deficit. The DJIA rallies 150
points in minutes, but it seems unlikely this is the reason.
WASHINGTON (AP) -- Officials at Standard & Poor's say they plan to indicate
how local and state governments, Fannie Mae and Freddie Mac, and insurers
will be affected by the rating agency's downgrade of long-term U.S. debt.
take "further fiscal measures," to rein in the deficit. The DJIA rallies 150
points in minutes, but it seems unlikely this is the reason.
WASHINGTON (AP) -- Officials at Standard & Poor's say they plan to indicate
how local and state governments, Fannie Mae and Freddie Mac, and insurers
will be affected by the rating agency's downgrade of long-term U.S. debt.
