Moody's Warns About Nation's Debt Burden
STEVE INSKEEP, HOST:
NPR's business news starts with a warning from Moody's.
(SOUNDBITE OF MUSIC)
INSKEEP: Congress may have approved a bill that averted the crisis - the manufactured crisis known as the fiscal cliff - but the credit-rating agency Moody's is not patting lawmakers on the back. Moody's said this weeks' deficit reduction deal did not produce meaningful improvement to the issue at hand: the country's debt burden and economic output. Moody's warned that if improvements are not made, the agency could downgrade the U.S. credit rating.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.