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Moody’s suggests U.S. eliminate debt ceiling

Posted By admin On July 18, 2011 @ 7:52 am In Featured Stories,Tile | Comments Disabled

Reuters [1]
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.

Full article here [1]

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URLs in this post:

[1] Reuters: http://www.rawstory.com/rs/2011/07/18/moodys-suggests-u-s-eliminate-debt-ceiling/

[2] Image: http://www.prisonplanet.tv/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Moody’s Expects To Cut US Rating Without Deal To Lower Debt/GDP Ratio: http://www.prisonplanet.com/moody%e2%80%99s-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio.html

[5] 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

[6] Moody’s warns of ‘social unrest’ as sovereign debt spirals: http://www.prisonplanet.com/moody%e2%80%99s-warns-of-social-unrest%e2%80%99-as-sovereign-debt-spirals.html

[7] Moody’s says U.S. needs to find more deficit cuts: http://www.prisonplanet.com/moody%e2%80%99s-says-u-s-needs-to-find-more-deficit-cuts.html

[8] Will the U.S. Default On Its Debt … Even If It Raises the Debt Ceiling?: http://www.prisonplanet.com/will-the-u-s-default-on-its-debt-even-if-it-raises-the-debt-ceiling.html

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