July 13th, 2011
05:37 PM ET

Moody's reviewing U.S. credit rating

Moody's Investors Services has put the United States' credit rating on review for possible downgrade, citing what it says is a rising possibility that Congress won't raise debt ceiling in time.

The administration of U.S. President Barack Obama says the country needs to raise its $14.3 trillion debt ceiling by August 2 to avoid a partial default. The White House and congressional leaders are trying to negotiate a deal that would raise the ceiling.

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Filed under: Budget • Economy • Politics
soundoff (22 Responses)
  1. petey

    I also agree with you george about the wars but you and I both no they do what they want and we can't do anything to stop them

    July 14, 2011 at 9:16 pm | Report abuse |
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