Moody's Threatens to Downgrade US

It's worried about the looming 'fiscal cliff'

By Newser Editors and Wire Services

Posted Sep 11, 2012 11:00 AM CDT

(Newser) – Moody's Investors Service said today it would likely cut its "Aaa" rating on US government debt, probably by one notch, if federal budget negotiations fail. If the highly partisan Congress does not reach a budget deal, about $1.2 trillion in spending cuts...   Read full story »

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