Moody's: More Budget Work Needed to Preserve US Rating

The last minute deal passed on Tuesday to avert potentially devastating tax hikes and spending cuts clarifies the medium-term deficit and debt trajectory of the federal government, Moody's said in a statement. However, it does not provide a basis for meaningful improvement in the government's debt ratios over the medium-term, Moody's said.

Source: http://ml-implode.com/staticnews/2013-01-05_MoodysMoreBudgetWorkNeededtoPreserveUSRating.html

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