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Tag: U.s debt downgraded
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.