U.S. rating likely to be downgraded again: Merrill

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.

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Posted in * Economics, Politics, Budget, Credit Markets, Currency Markets, Economy, Federal Reserve, House of Representatives, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, Taxes, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

One comment on “U.S. rating likely to be downgraded again: Merrill

  1. TheVeryRev says:

    Congress is as weak as the conservative bishopsnwho won’t stand up to the likes of Schori, Hmderson and Shaw…what is wrong with people who want to lead and then don’t?