Boehner debt ceiling plan may not avoid downgrading of nation's credit rating

Boehner debt ceiling plan may not avoid downgrading of nation's credit rating

Many on the GOP side of the debt ceiling debate have claimed that President Obama's wish for a "grand bargain " has more to do with the 2012 elections than with the debt ceiling itself. Problem is that may not be true. Credit agencies at Standard and Poor may lower the Nation's credit rating if a "grand bargain" is not reached.

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