The credit rating of US bonds was downgraded from AAA to AA today. Very few newscasters are reporting this event.
A private firm, Egan Jones, expressed their opinion of the size of our debt by lowering their rating on US bonds. Egan Jones sells their fixed-income rating service to institutional investors - read "buyers." Moodys and S&P get paid by the bond issuers - or "sellers." There's a big difference.
http://wallstreetpit.com/79665-egan-jones-officially-cuts-u-s-credit-rating
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