Moody's Investors Service warned Thursday that it might review the government's Aaa debt rating for a possible downgrade as early as next month if there is no progress toward a deal in Washington to increase the $14.294 trillion federal borrowing limit and cut deficits.
A short time after that announcement, a meeting at the White House illustrated why reaching a debt agreement has proven so difficult. House Democrats pressed President Barack Obama to insist that tax increases—something Republicans say they won't agree to—be part of any budge
t agreement that requires deep spending cuts.
The Treasury Department projects it would begin ...
0 comments:
Post a Comment