Geithner says "no risk" U.S. will lose AAA rating

Rating agencies can see the obvious but will be limited by the phrase "critical to national interests." Does a for sale sign on a car saying NEW make the obvious dents and rust disappear? No. Capital is not swayed by shallow observations.

Headline: Geithner says "no risk" U.S. will lose AAA rating

U.S. Treasury Secretary Timothy Geithner, going on the offensive one day after Standard & Poor's threatened to lower its top-tier rating on U.S. government debt, said on Tuesday there was "no risk" of a downgrade.

Prospects for a deficit-reduction deal were improving, Geithner said on Tuesday as he appeared in a morning blitz of television shows. He said in one appearance that he did not have to reassure foreign buyers of U.S. debt in the wake of S&P's warning.

Geithner said Democrats and Republicans now agree on the need to put in place "enforceable" targets to slash deficits by some $4 trillion over the next decade or so.

Source: finance.yahoo.com