U.S.’s Aaa Debt Rating Placed on Review for Possible Downgrade by Moody’s

The U.S. had its Aaa bond rating placed on review for possible downgrade by Moody’s Investors Service, which cited the “rising possibility” that the debt limit won’t be raised on a timely basis.

“There is a small but rising risk of a short-lived default,” Moody’s said.

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