Under Obama’s failed economic policies America’s debt is again downgraded
Egan-Jones downgrades US debt rating to AA- from AA, citing Fed's plans to stimulate economy
NEW YORK — Egan-Jones, an independent credit-research firm, downgraded its rating on U.S. government debt to AA- from AA on Friday, citing the Federal Reserve's plans to try to stimulate the economy.
The credit rating agency said the Fed's plans to buy mortgage bonds will likely hurt the economy more than help it.
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