S&P Boosts US Credit Outlook to 'Stable'

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Standard & Poor's ratings service has boosted its outlook for U.S. government debt from "negative" to "stable," meaning it's not as likely to downgrade the nation's debt in the near future.

S&P says one reason for the brighter outlook is stable government spending levels.

The credit rating service also says the economy has started to improve and is expected to continue that trend.

S&P downgraded the U.S. government's long-term credit rating from AAA to AA+ in 2011.

Bill Frezza, a fellow at the Competitive Enterprise Institute and a Boston-based venture capitalist, talked more about implications of the S&P's revised outlook on CBN's Newswatch, June 10.

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