Wednesday, July 13, 2011

Moody's to Place US AAA Bond Rating on review For Possible Downgrade

There will be enough revenue to pay the the interest and principal due without a deal, if Obama chooses to pay it...

"Moody's Investors Service said late Wednesday it placed the U.S. government's triple-A bond rating on review for possible downgrade due to rising risk of default. "The review of the U.S. government's bond rating is prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes. As such, there is a small but rising risk of a short-lived default," Moody's said."

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