{"id":27258,"date":"2011-07-14T15:16:35","date_gmt":"2011-07-14T15:16:35","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/moodys_places_u-s-_on_review_for_downgrade_as_debt_talks_stall\/"},"modified":"2011-07-14T15:16:35","modified_gmt":"2011-07-14T15:16:35","slug":"moodys_places_u-s-_on_review_for_downgrade_as_debt_talks_stall","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27258","title":{"rendered":"Moody\u2019s Places U.S. on Review for Downgrade As Debt Talks Stall"},"content":{"rendered":"<p>The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes even though the risk remains low, Moody\u2019s said. The rating would likely be reduced to the Aa range and there is no assurance that Moody\u2019s would return its top rating even if a default is quickly cured.<\/p>\n<p>\u201cIt certainly underscores the importance of passing the debt ceiling and not putting us in default status, and making sure there\u2019s a longer term fiscal plan to contain spending and the deficit we\u2019ve been running up over the last few years,\u201d\u009d said Anthony Cronin, a Treasury bond trader at Societe General SA in New York, one of the 20 primary dealers that trade with the Federal Reserve. \u201cMaybe it\u2019s the impetus to say we\u2019ll need more of a concession.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-07-13\/u-s-rating-placed-on-review-for-downgrade-by-moody-s-as-debt-talks-stall.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27258\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,670,582,589,595,592,149,591,590,671,119,617,675,616,151,667,618,673,599,596,669,584,672],"tags":[],"class_list":["post-27258","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-budget","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-euro","category-european-central-bank","category-federal-reserve","category-globalization","category-house-of-representatives","category-medicare","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-social-security","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government","category-the-united-states-currency-dollar-etc"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27258"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27258\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}