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US stocks, bonds and the dollar slip after the latest downgrade to the US government's credit rating

NEW YORK (AP) — U. S. stocks, bonds and the value of the U. S. dollar are drifting lower on Monday following the latest reminder that the U. S government seems to be hurtling toward an unsustainable mountain of debt. The S&P 500 dipped 0. 4% after Moody’s Ratings became the last of the three major credit-rating agencies to say the U. S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average was down 55 points, or 0. 1%, as of 11 a. m. Eastern 0...

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