Obama officials attack S&P's credibility after downgrade
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The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a $2 trillion error.
"A judgment flawed by a $2 trillion error speaks for itself," a Treasury spokesman said after S&P cut the long-term US credit rating by one notch to AA-plus on concerns about growing budget deficits. The comment marked the first time the US Treasury had publicly chastised S&P. (Reuters)
