The Obama administration attacked the credibility of the analysis underlying Standard & Poor’s decision to downgrade the United States’ top credit rating. S&P was forced to rmve the number from its analysis after the U.S. Treasury officials found that the rating agency’s 31 of the government’s discretionary spending was too high. The reason the Obama administration felt upset was that S&P decided to downgrade the U.S. credit rating 32 the errors found in the calculations. While S&P cut the long-term U.S. credit rating by one notch to AA-plus, a Treasury spokesman still said that a judgment by a US$2 trillion error speaks for itself. Such mistakes were 33 the rating agency’s unsophisticated understanding of toe U.S. political system. Leaving alone what the U.S. officials claimed，the top S&P official told Reuters that any changes in the calculations 34 into consideration. Also, the US$4 trillion sliced from future budgets was symbolic of the part of the hard-fought deal to lift the nation’s debt’s limit. Even though the error clearly pointed out is bad for the image of the U.S., the rating agency declined to 35 on its downgrade. Dealing with the threat, the U.S. Treasury officials had not only played down the potential impact but also said markets already were aware it was under consideration. 【題組】
31. (A) criticisms (B) targets (C) estimates (D) discussions
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