Moody's warning shows Congress needs to act-Treasury
WASHINGTON, July 13
WASHINGTON, July 13 (Reuters) - Moody's Investor Service's warning that the U.S. risks losing its top-notch credit rating is a "timely reminder" of the need for congressional action to avoid a U.S. debt default, a Treasury Department official said on Wednesday.
"Moody's assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country's obligations and agree upon a substantial deficit reduction package," Treasury Under Secretary for Domestic Finance Jeffrey Goldstein said in a statement.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls