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Stock markets slump after US ratings downgrade

Global stock markets slumped Wednesday after the United States had its top credit rating downgraded by Fitch.The ratings agency downgraded the United States' top-notch credit rating by a step late Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt-limit standoffs.
France General New York United States Capitol Hill District Of Columbia White House
Source: yahoo.com

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