From The Wall Street Journal: "Moody’s Investors Service, in the latest reminder of the tense fiscal negotiations looming for Congress and the White House, said it could downgrade the U.S. government’s credit rating next year if steps aren’t taken to tackle the rising debt."
The article continues about Moody's warning: "Specifically, it said if Congress repeals looming spending cuts and tax increases that begin next year and doesn’t replace these measures with large-scale deficit-reduction measures, the government would lose its top-notch rating."
More: "Moody’s warning comes more than a year after rival Standard & Poor’s went ahead and stripped the U.S. government of its top-notch credit rating, warning among other things that the government’s political environment had become so poisonous that it wasn’t clear whether leaders could adequately deal with the country’s fiscal problems."
Moody's Cautions Of Possible U.S. Downgrade In 2013
