Moody's Investors Service said it may cut the United States' triple-A rating due to the rising chance its debt ceiling is not raised.I believe that they need to make a deal. Dollar for dollar: a dollar in increased borrowing for each dollar cut.
...Moody's was the first among the big-three rating agencies to place the United States' Aaa rating on review for a possible downgrade, which means a negative rating action is impending.
Wednesday, July 13, 2011
Moody's warning: may cut USA's triple-A rating
Posted by Reliapundit at 5:47 PM