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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Chispas who wrote (69875)5/21/2002 10:20:42 PM
From: Chispas  Read Replies (1) of 99280
 
Moody's warning to Congress to stop stalling on the debt limit should be in BOLD HEADLINES in
tomorrow's newspapers...this is inexcusable by Congress...Sigh..

Moody's Warns on Debt as Congress Stalls

Tue May 21, 3:37 PM ET

NEW YORK (Reuters) - Ratings agency Moody's Investors Service said on Tuesday that it was
monitoring the U.S. fiscal position as Congress stalls over the Bush administration's request to increase
the government's borrowing limit.

The political row in Washington with Congress refusing to allow the government to borrow more
money as its budget returns to deficit does not immediately hurt U.S. credit worthiness, Moody's said,
adding that the government has enough money to last through June.

But if Congress continues to stall on the debt ceiling, Moody's said it could put the United States debt
on review for a possible downgrade to its gilt-edged Triple A debt rating -- just as it did during the
1996 budget crisis.
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