Friday, January 11, 2008

United States debt rating may lower in the next decade - SendMeRSS

Government Bytes blog from National Taxpayers Union reports the United States debt rating may be lowered in the next decade. This, from Moody's rating service, is because of the increasing burden on the federal budget from Social Security, Medicare and Medicaid.

Currently, the U.S. rating for it's bonds is triple-A, the highest Moody's gives for bond issuers. If our credit rating does fall, interest rates on these investments will likely increase to cover the increased risk for bond purchasers.
Link - Fri, 11 Jan 2008 19:49:36 GMT - Feed (8 subs)

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