Summary
WASHINGTON - Moody's Investors Services warned on Wednesday that it could downgrade the U.S. government's top credit rating, if Congress backs off $1.2 trillion in automatic deficit cuts scheduled over the next decade.
The credit rating agency said in a statement it will not lower the nation's rating on long-term debt after a special congressional panel failed this week to reach agreement on alternative cuts to the deficit.See the full content of this document
Extract
Moody's Warns Us On Backing Off Deficit Cuts
The impasse triggered the automatic cuts, which are scheduled to kick in beginni...
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