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THURSDAY, NOVEMBER 26, 2009
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Rating Agency Again Judges USA AAA

Uncle Sam's debt holds steady despite 'negative pressure'

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(Newser) – Moody’s today reassured investors that the United States government won’t lose its AAA credit rating…yet. Last week Standard & Poor warned that it might soon drop Britain’s debt rating, sparking panic that other governments could follow. A Moody’s VP said the US’ rating is the highest possible and safe for now—but warned that massive debt, plus Social Security and Medicare costs, could put “negative pressure” on it in the future.

In this April 26, 2006 file photo, credit card signs are posted outside a New York parking garage.
In this April 26, 2006 file photo, credit card signs are posted outside a New York parking garage.   (AP Photo/Mark Lennihan, File)
Moody's Chairman and CEO Raymond W. McDaniel testifies on Capitol Hill in Washington, Wednesday, Oct. 22, 2008, before the House Oversight and Government Reform Committee.
Moody's Chairman and CEO Raymond W. McDaniel testifies on Capitol Hill in Washington, Wednesday, Oct. 22, 2008, before the House Oversight and Government Reform Committee.   (AP Photo/Lawrence Jackson)
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TerrifiedCitizen
May 27, 09 11:40 AM CDT
The politicos have wanted out of the obligations and promises they made to their sick and elderly ever since they started stealing from the supposedly 'safe' fund years ago. The greed they've shown mirrors Wall Street to a Triple T. Reply
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