Dr. Jillian T. Weiss

Second Credit Agency Says US Credit Downgrade Possible

Filed By Dr. Jillian T. Weiss | August 08, 2011 7:30 AM | comments

Filed in: Quote of the Day

"Over time, this status could be threatened if further measures to address the long-term fiscal situation are not adopted, but it is early to conclude that such measures will not be forthcoming,"

-- Moody's analyst Steven Hess, stating that retention of the current US AAA rating is based on the country finding further budget cuts to trim its $14.5 trillion deficit, which is at 100% of GDP, the highest since World War II.

Recent Entries Filed under Quote of the Day:

Leave a comment

We want to know your opinion on this issue! While arguing about an opinion or idea is encouraged, personal attacks will not be tolerated. Please be respectful of others.

The editorial team will delete a comment that is off-topic, abusive, exceptionally incoherent, includes a slur or is soliciting and/or advertising. Repeated violations of the policy will result in revocation of your user account. Please keep in mind that this is our online home; ill-mannered house guests will be shown the door.