Moody's suggests eliminating debt ceiling

Townhall.com Staff
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Posted: Jul 18, 2011 11:34 AM
Moody's suggests eliminating debt ceiling

The United States should eliminate the debt ceiling altogether, Moody's said in a Monday report.

"We would reduce our assessment of event risk if the government changed its framework for managing government debt to lessen or eliminate that uncertainty," Moody's analyst Steven Hess wrote in the report, first reported by Reuters.