U.S. Rating Under Pressure Unless Deficits Cut, Moody’s Says

Moody’s Investors Service Inc. said the U.S. government’s Aaa bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.

Watch out, the ratings agencies are getting serious. These agencies were real good at downgrading the banks and investment houses after the 2008 implosion. Don't expect much more than verbal threats until there's a technical default.

Source: bloomberg.com