Tax deal could bring a U.S. rating downgrade, Moody's says

President Signs S. 3850, the "Credit Rati...Image via Wikipedia

A tax-cut package negotiated between U.S. President Barack Obama and Republican leaders could have negative consequences for the country's credit rating, Moody's Investors Service said. "Unless there are offsetting measures, the package will be credit negative for the U.S. and increase the likelihood of a negative outlook on the U.S. government's Aaa rating during the next two years," the credit rating agency said in a report. Full story here

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