RJ and Makay

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Following weeks of speculation, Standard & Poors (S&P) downgraded on Friday the credit rating of the United States by one level, to AA+ from AAA.  S&P explained the decision as a judgment about the nation’s leaders, saying that “the gulf between the political parties” had reduced its confidence in the government’s ability to manage its finances.   In addition to the downgrade, S&P’s outlook on the country’s short and long-term ratings was negative, indicating a further downgrade to AA was possible.