National

Stocks fall as US credit rating outlook lowered to ‘negative’ by S&P


The credit rating agency Standard & Poor’s lowered the outlook on the United States’ credit to “negative,” leading to a big decline in stock prices.  The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations “the path to addressing [the debt and deficit] is not clear to us.”  Read the details at LATimes.com  (Update:  Obama plays down S&P outlook change)

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