Sunday, July 3, 2011

Credit agencies issue warnings on debt-payment delay

Credit agencies issue warnings on debt-payment delay
By Patrice Hill - The Washington Times

With signs multiplying that debt-reduction talks between the White House and Congress are at an impasse, Wall Street credit agencies are stepping up their warnings that even a temporary delay in making payment on the government’s $14.3 trillion of debt will result in a significant cut in the nation’s perfect credit rating.

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