Wednesday, April 20, 2011

Today's Understatement

55 Water Street in the Financial District of Manhattan, New York CityWe see the path to agreement as challenging because the gap between the parties remains wide.

-- Standard & Poor's credit analyst Nikola G. Swann, after the rating agency lowered its long-term outlook for US debt to negative, triggering a 200-point drop in the Dow average, 18 April 2011

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