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U.S gets reprieve to deal with deficit, no downgrades for now

NEW YORK (Reuters) – Financial markets appear willing to give the United States something they offer fewer and fewer countries these days — time to get public finances in order. It remains to be seen how long investors will remain patient, but many are betting the respite will last until…

United States’ AAA credit rating still under threat

WASHINGTON — The United States could still faces an unprecedented downgrade of its triple-A credit rating, despite the government’s last minute moves to avoid defaulting on its debt Tuesday. But even if powerful raters Standard & Poor’s, Moody’s and Fitch decide that Washington’s growing deficit and debt are too big…

Soros to return outsiders’ hedge fund money

BOSTON (Reuters) – Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. The octogenarian fund manager, known as much for earning $1 billion on a nervy…

Home sales dive, prices near 9-year low

WASHINGTON (Reuters) – Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, implying a housing market recovery was still a long way off. The National Association of Realtors said on Monday sales fell 9.6 percent month over month to an…

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