Friday, January 28, 2011

Tick tock tick tock..

Moody's Says Time Running Out for U.S. as S&P Cuts Japan

Moody’s Investors Service said it may need to place a “negative” outlook on the Aaa rating of U.S. debt sooner than anticipated as the country’s budget deficit widens.The extension of tax cuts enacted under President George W. Bush, the chance that Congress won’t reduce spending and the outcome of the November elections have increased Moody’s uncertainty over the willingness and ability of the U.S. to reduce its debt, the credit-ratings company said yesterday.

Posted by rob @ 02:12 PM (1614 views)
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