Benzinga's Political Round Up, August 3, 2011

The United States had its
AAA rating confirmed
by Moody's & Fitch yesterday after a deal was done to avoid a default. Bank of America (NYSE:
BAC
) is discussing a potential mass settlement for some of its struggling homeowners and providing a
write down of principal.
Congress has gone on
recess until September 7
after it finished passing the debt ceiling bill.
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