S&P boosts outlook for US gov’t’s long-term debt

Published June 10, 2013 7:43pm ET



WASHINGTON (AP) — Standard & Poor’s Ratings Services upgraded its outlook Monday for the U.S. government’s long-term debt. S&P cited the government’s strengthened finances, a recovering U.S. economy and some easing of Washington’s political gridlock.

The credit rating service raised its outlook to “Stable” from “Negative,” which means it’s less likely to downgrade U.S. debt in the near future.

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