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This follows nearly two weeks of acrimonious debate in the House and Senate which triggered concern in the markets about downgrades by the major credit agencies. In fact, Fitch Ratings warned on Tuesday that it might downgrade U.S. debt amid fears Congress could not find a resolution to the raising the debt ceiling. Fitch and Moody's still assign the U.S. their top ratings (AAA and Aaa respectively); Standard & Poor's downgraded the U.S. to AA in August 2011.
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