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"I was raised here, Cody, Wyoming. It was a town of western values; independence, freedom… Live and let live. It is very simple."
A scenario former United States Treasury Secretary Henry Paulson described as “unthinkable” during a recent discussion in Aspen is apparently imaginable in the minds of Moody's Investors Service. Moody's is the first of the big-three rating agencies to place the United States' triple-A rating on review for a possible downgrade. The agency said there is a small but rising risk the federal government could default on its debt.
What do Michael Bennet and Paul Ryan have in common? Both participated Tuesday in a conference hosted by the Committee for a Responsible Federal Budget entitled “The Debt Ceiling, Fiscal Plans, and Market Jitters: Where Do We Go from Here?”