Categories: Need to know

Moody’s places U.S. debt rating under review

Agency’s first review of AAA-rated country since 1996

by macleans.ca on Thursday, July 14, 2011 1:48pm - 1 Comment

Moody’s rating agency has indicated it is considering downgrading the U.S. triple-A debt rating due to the “rising possibility” the U.S. could default on its debt. While the agency said the risk of U.S. not raising its debt threshold in time to prevent a missed payment on outstanding bonds and notes is low, it’s not impossible. U.S. Federal Reserve chairman Ben Bernanke said a default would be disastrous. Negotiations at the White House about raising the debt ceiling are set to continue Thursday. The U.S. hit its $14.3 trillion debt limit on May 16, but has adjusted its spending and accounting to continue operation.

BBC News

Tags: debt ceiling

Anonymous

Dear Canadians – Can you please invade Arizona and make us a colony? Per taxpayer, the amount of debt the government wants to transfer to the citizens is gigantic. Our rulers in Washington hate us. The courts won’t let us make our own laws except for official state bird and place names. They think our love for Obama is not sufficiently strong. And they are punishing us all the time. We want to be Canadians now.

We’re having a vote to give Arizona a Canada-friendly name. Since we aren’t allowed to check ID when registering voters, you can vote too. The choices on the ballot are Nuevo Nova Scotia, South Northwest Territories, and Newerfoundland. See an interview regarding the Canadian conquest of Arizona, with Stephen Harper and Wilfrid Laurier, at http://www.disunderstand.com . Thank you in advance for attacking us.