US Credit Rating in Jeopardy
By: Michael C. Fehn
Updated: January 3, 2013
A credit rating agency says the US Government's top credit rating is in jeopardy.
Moody's Investors Service says Congress must come up with a plan to shrink the budget deficit in order to keep it's Triple-A rating.
Moody's says steps will need to be taken in the coming months to reduce the nation's deficit, which has topped one trillion dollars four years in a row.
Moody's had warned in September that it would likely cut the rating if the year-end budget negotiations failed.
Moody's Investors Service says Congress must come up with a plan to shrink the budget deficit in order to keep it's Triple-A rating.
Moody's says steps will need to be taken in the coming months to reduce the nation's deficit, which has topped one trillion dollars four years in a row.
Moody's had warned in September that it would likely cut the rating if the year-end budget negotiations failed.
