Aide: US Congress panel probing S&P downgrade

By REUTERS
August 9, 2011 01:29

WASHINGTON - The US Senate Banking committee has begun probing last week's decision by Standard and Poor's to downgrade the US credit rating, a committee aide told Reuters on Monday.

The aide said the panel was gathering information about the S&P move but no decision had been made on whether it will hold hearings into the downgrade.

But, the aide added, all options were being weighed.


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