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The US Treasury Department in Washington, DC is seen on August 08, 2011 after Standard & Poor's cut the US credit rating for the first time in history, saying the country's politicians are increasingly unable to come to grips with its massive fiscal deficit and debt load. S&P cut the US rating from its top-flight triple-A one notch to AA+. President Obama on Monday defended America's credit after Standard & Poor's downgraded its top notch debt rating, insisting the economy's woes were "eminently solvable" with political will. AFP PHOTO Mladen ANTONOV (Photo credit should read MLADEN ANTONOV/AFP/Getty Images)
MLADEN ANTONOV / AFP/Getty Images
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