Friday, January 11, 2008

The Bell is Tolling, Unabated

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.

US’s triple-A credit rating ‘under threat’

Posted by John Venlet on 01/11 at 07:42 AM
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