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Budget negotiations during the 2013 Congressional legislative
session will likely determine the direction of the US government’s Aaa
rating and negative outlook, says Moody’s Investors Service in the
report “Update of the Outlook for the US Government Debt Rating.”
If those negotiations lead to specific policies that produce a
stabilization and then downward trend in the ratio of federal debt to
GDP over the medium term, the rating will likely be affirmed and the
outlook returned to stable, says Moody’s.
If those negotiations fail to produce such policies, however,
Moody’s would expect to lower the rating, probably to Aa1
Originally posted by burdman30ott6
The Democrats, likewise, could press the solution being removal of enough "obstructions" from the GOP to give Obama a Congress that would work within his expectations.
No matter what some agency may say, we've always been and always will be a triple-A country.
reply to post by burdman30ott6
Paired with QE3 I'm not convinced these rating downgrades aren't a large part of the overall plan to devalue the US dollar.