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Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating

Posted By admin On February 8, 2010 @ 10:40 am In Money Watch | Comments Disabled

Rebecca Christie
Bloomberg [1]
Monday, February 8th, 2010

Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.

“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.”

Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects “basic confidence” in the U.S. and its ability to bounce back from the global recession, he said.

Moody’s Investors Service Inc. last week said the U.S. government’s bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.

Full article here [1]

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Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating  FOTR 340x1692 [2] 

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URLs in this post:

[1] Bloomberg: http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGwg7V3u3Gs

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] Flashback – Geithner: No Risk U.S. Will Ever Lose AAA Credit Rating: http://www.prisonplanet.com/flashback-geithner-no-risk-u-s-will-ever-lose-aaa-credit-rating.html

[4] Debt Level, Spending Pose Risk to U.S.’s Aaa Credit Rating, Moody’s Says: http://www.prisonplanet.com/debt-level-spending-pose-risk-to-u-s-s-aaa-credit-rating-moodys-says.html

[5] Geithner Vows to Cut U.S. Deficit on Rating Concern: http://www.prisonplanet.com/geithner-vows-to-cut-us-deficit-on-rating-concern.html

[6] AAA Rating Tough to Defend as U.S. Debt Soars: http://www.prisonplanet.com/aaa-rating-tough-to-defend-as-u-s-debt-soars.html

[7] S&P Rating Agency May Soon Downgrade U.S. Debt From AAA: http://www.prisonplanet.com/sp-rating-agency-may-soon-downgrade-u-s-debt-from-aaa.html

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