Moody’s Puts U.S. AAA Bond Rating On Review for Possible Downgrade
July 14th, 2011I could definitely be wrong, but I continue to hold the opinion that there is hardly any chance that, through legislative inaction, the U.S. will default.
Via: USA Today:
As President Obama and congressional leaders haggled over the nation’s $14.3 trillion debt ceiling this afternoon, they got a stark reminder of the financial stakes.
Moody’s Investors Service has placed the nation’s Aaa bond rating on review for possible downgrade, citing “the rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on Treasury debt obligations.”
