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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: long-gone who wrote (85639)	5/22/2002 2:42:52 AM
From: Alex	Read Replies (1) of 116816

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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