U.S. Spending on Social Programs Could Imperil AAA Rating, Moody’s Warns
Moody’s Investors Service warned Wednesday that the U.S.’s top-notch credit grade could be pressured by escalating costs of social programs like Medicare or Social Security. The concerns aren’t at a level yet to affect the U.S.’s credit rating, at least not for several years. But they pose a risk to the U.S.’s debt ratios in the long-term, Moody’s warned. Read more…
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