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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Filed under: * Economics, Politics Economy Credit Markets Currency Markets Taxes The U.S. Government Budget Federal Reserve Medicare Social Security The National Deficit The United States Currency (Dollar etc) Politics in General House of Representatives Office of the President President Barack Obama Senate
Posted October 23, 2011 at 2:32 pm
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