New York (CNNMoney) - Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."
A "negative outlook" indicates the possibility that Moody's would downgrade the country's sovereign credit rating within a year or two.
This is why we need tax increases on the ultrarich and cutting off loopholes and corporate welfare. Helping the greedy does not help the needy. Nor does it improve our deficit situation.
That is just lovely...thanks repubs for making the debt ceiling the biggest messiest drama show ever! you could not do ur jobs and tackle tax reform and what you call entitlements like a normal govt.
What can we expect when people vote in extremists like the Tea Party that have no concept of anything Balanced ?
Between the Tea Party and the Republicans we will all take a downgrade in our future. This whole debacle started with Ragan to Bush trashing the regulators of common sense and indulged in an orgy of greed in a totally unguarded environment !
It is all about Power and greed with absolutely no regard for all of the people without resources.