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Nikkei slides over 2 pct on US downgrade, Asian markets

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Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled.
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Dollar Expected to Weaken on S&P Move

The S&P cut in the U.S. long-term credit rating to AA-plus is an unprecedented blow. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday.
President Barack Obama speaks in a prime-time address to the nation from the East Room of the White House in Washington

S&P Justifies US Downgrade, Says More Action Could Follow

Rating agency standard & Poor's has staunchly defended the decision to downgrade the creditworthiness of the U.S. government and warned that further action was possible. "The debacle over the debt ceiling continued until almost the midnight hour," S&P's Sovereign Ratings Committee Chairman John Chambers said.
For Discussion: The American Dream

S&P Downgrades U.S. Credit Rating - How Will It Affect Your Stocks, Bonds?

S&P?s stunning and controversial downgrade Friday in part reflected the firm?s assumptions about the U.S. political system?s ability to solve its problems. Others hold a more optimistic view, as Winston Churchill did. Churchill said, ?In the end, you can count on America to do the right thing - after she?s exhausted all other possibilities.?
At Issue: The Afghanistan War

22 Navy SEALs Among the 31 U.S. Troops Killed in Afghan Helicopter Crash

Twenty-two Navy SEAL members were among 31 U.S. troops Killed on Saturday when Taliban insurgents shot down a Chinook helicopter over eastern Afghanistan. The nearly two dozen U.S. special forces who were killed were on a mission to rescue another team of military personnel pinned down by insurgents, a U.S. military official told CNN.
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China flays US over credit rating downgrade

The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
U.S. Chinook helicopters leave after a security handover ceremony in Panjshir province

Seals Among 31 US Troops Killed in Afghan Helicopter Crash

The SEAL Team Six is the special operations unit responsible for the Pakistan raid that resulted in the death of Osama Bin Laden. Saturday's death is being considered the deadliest day for American forces serving the decade-long war.

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