Tue, 11 Sep 2012 19:20:46 GMT
Moody's may cut U.S. credit rating
On
Tuesday, September 11, Moody's
Investors Service warned that it may cut the U.S's AAA rating, if
budget negotiations for 2013 do not result in policy measures, which will
reduce the nation's debt. According to the Congressional Budget Office, the
budget deficit is going to reach $1.1 trillion in 2012, down from $1.3 trillion
in the preceding year.