Moody’s

Damned If You Do…

How many more ways can we say that we are ever so screwed? From CNBC and Reuters: Moody's May Cut US Rating on Tax Package Moody's warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama's tax and unemployment benefit package becomes law. The plan agreed to by President Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years, the ratings agency said. A negative outlook, if adopted, would make a rating cut more…
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