President Barack Obama presented a reassuring assessment of the U.S. economic situation Monday, calling the country's problems "imminently solvable."
Obama spoke as the Dow continued its day-long slide, falling below 11,000 at one point for the first time since November.
"No matter what some agency may say, we've always been and always will be a triple-A country," Obama said.
Investors are reacting to Friday's downgrade of the U.S. credit rating from AAA to AA+ by Standard & Poor's. S&P on Monday downgraded mortgage lenders Freddie Mac and Fannie Mae.
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