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05/20/2011

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Hermes


There is no liquid alternative to U.S. Treasuries, so their status in finance will continue - as will the benefits that brings to funding a massive budget deficit.

Leaving the credibility of S&P to one side - Deutsche Bank's report takes the view that the agency appears to have won itself more "wiggle room on the $4 trillion number".

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But at what cost? That is the question it should be asking itself.

(Reporting by Alex Chambers; Editing by Philip Wright.)
Reuters) - President Barack Obama's credibility as a leader hangs in the balance along with America's gold-plated credit rating as he strives to break a debt impasse with Republicans and avoid a ruinous default.

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