The hit to the United States’ prized credit rating may have arrived with
a jolt Friday, but many analysts say it’s not so clear that it will
deliver any immediate shock to financial markets or to consumers. That
is because it confirmed what the markets, economists and most people
already know: the United States has a debt problem and Washington is
deeply divided over how to solve it.
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Markets Expected Credit Ruling, but Risks Remain, Analysts Say
The hit to the United States’ prized credit rating may have arrived with a jolt Friday, but many analysts say it’s not so clear that it will deliver any immediate shock to financial markets or to consumers. That is because it confirmed what the markets, economists and most people already know: the United States has a debt problem and Washington is deeply divided over how to solve it.