Carney: There Is No Justification For Downgrade

White House Press Secretary Jay Carney states that there is no economic justification for the downgrading, as it was based on political analysis and the process dealing with it, rather than the actual math. (0:46)

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Obama: Lack Of Political Compromise Cost U.S. Its Triple-A Rating

President Obama explains that the government’s credit rating was downgraded to AA+ from AAA because of Congress’ inability to compromise on a long-term debt reduction plan. (00:20)

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