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Senator Ayotte's Statement on S&P Downgrade

Statement

Date: Aug. 5, 2011
Location: Washington, DC
Issues: Finance and Banking Government Budget and Spending

U.S. Senator Kelly Ayotte (R-NH), a member of the Senate Budget Committee, released this statement following S&P's announcement this evening that it has downgraded the U.S. government's credit rating:

"This is a blow to the United States, and it is a grim signal that we cannot continue to delay addressing our crippling debt. One of the reasons I opposed the recent deal to raise the debt ceiling was because it still left us vulnerable to the threat of a downgrade. The President and Congress must end business as usual in Washington and finally confront our debt crisis in a meaningful way with real cuts, serious budget reforms and entitlement reform."


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