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In Europe, Asia, Stocks Fall Amid U.S. Economy Worries

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In Europe, Asia, Stocks Fall Amid U.S. Economy Worries

Economy

In Europe, Asia, Stocks Fall Amid U.S. Economy Worries

In Europe, Asia, Stocks Fall Amid U.S. Economy Worries

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  • <iframe src="https://www.npr.org/player/embed/138922333/138922332" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Later today, President Obama is expected to sign the bill to avert a U.S. debt default. Despite Obama's actions, there is still concern the U.S. credit rating could be downgraded.

RENEE MONTAGNE, host:

Later today President Obama's expected to sign the bill to avert a U.S. debt default, but it hasn't eased concerns across the globe. In Europe and Asia stocks fell this morning amid worries about the U.S. economy, and there are still worries that the U.S. credit rating could be downgraded.

Treasury secretary Tim Geithner told ABC in an interview this morning that he was concerned that world confidence in the United States has been damaged by what he called this spectacle.

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MONTAGNE: You're listening to MORNING EDITION from NPR News.

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