US May Lose AAA Bond Rating Soon

Read this from the Financial Times (of London) website (FT.com):

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Friday Jan 11 2008
All times are London time

US's triple-A credit rating 'under threat'

By Francesco Guerrera, Aline van Duyn and Daniel Pimlott,in New York

Published: January 11 2008 02:00 | Last updated: January 11 2008 02:00

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.

The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy.

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Notice it doesn't say anything about military spending. Interesting.....

Comments: 5

Heather C. Jan 11, 2008, 5:21pm EST

Bad moon on the rising financially in the US...doesn't surprise me if the rating dips...I don't think it matters who is president, signs say we are going to deal with lows we have never dealt with before financially.