- Prison Planet.com - http://www.prisonplanet.com -
Moody’s suggests U.S. eliminate debt ceiling
Posted By admin On July 18, 2011 @ 7:52 am In Featured Stories,Tile | Comments Disabled
July 18, 2011
Ratings agency Moody’s on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
The United States is one of the few countries where Congress sets a ceiling on government debt, which creates “periodic uncertainty” over the government’s ability to meet its obligations, Moody’s said in a report.
“We would reduce our assessment of event risk if the government changed its framework for managing government debt to lessen or eliminate that uncertainty,” Moody’s analyst Steven Hess wrote in the report.
The agency last week warned it would cut the United States’ AAA credit rating if the government misses debt payments, increasing pressure on Republicans and the White House to come up with a budget agreement.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/moody%e2%80%99s-suggests-u-s-eliminate-debt-ceiling.html
URLs in this post:
 Reuters: http://www.rawstory.com/rs/2011/07/18/moodys-suggests-u-s-eliminate-debt-ceiling/
 Image: http://www.prisonplanet.tv/
 Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/
Copyright © 2013 PrisonPlanet.com. All rights reserved.