Dagong is likely to downgrade US rating
By Wei Tian | China Daily | Updated: 2011-07-13 07:51
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US President Barack Obama said on Monday that he will press Congress for "the largest possible deal" on significant deficit cuts. Chinese rating agency Dagong said it may downgrade the US sovereign credit rating, no matter whether any agreement on raising the debt limit is achieved or not. Joshua Roberts / Bloomberg |
Debt limit aside, borrowing to pay off loans won't work, agency says
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