Moody's warns again on U.S. debt

Townhall Staff | Jul 18, 2011

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NEW YORK (CNNMoney) -- Credit rating agency Moody's dinged a key backup plan to raise the debt ceiling Monday, and said the United States would be better off if the ceiling was eliminated entirely.

Lawmakers appeared to make little or no progress on the debt ceiling over the weekend, and the deadline to raise the country's legal borrowing limit is now just over two weeks away.

Moody's warns again on U.S. debt

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