FLASHBACK: 'There’s No Chance US Will Lose Top Credit Rating'

With the U.S. losing its Triple-A credit rating for the first time ever, Republican lawmakers and presidential contenders are calling on President Obama to fire Treasury Secretary Timothy Geithner.

Standard & Poor’s decision late Friday to lower the nation’s credit rating to AA-plus is an embarrassment for Geithner who insisted in April that there was no possibility that the U.S. debt would be downgraded despite a warning from the credit agency.

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