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Saturday, 30 July 2011
EU EURO COUNTRIES: Republican bill passes, opening path to debt deal ...
EU EURO COUNTRIES: Republican bill passes, opening path to debt deal ...: "Republican bill passes, opening path to debt deal | Reuters"
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Rival ratings agency Standard & Poor's has warned it could cut the rating soon if there is no deal to address the underlying budget problems, a move which could push up U.S. borrowing costs and further hobble the weak economic recovery.
Fears about the health of America's economy multiplied after a government report showed weaker-than-expected growth in the first half of the year, raising the risk of recession.
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