The rating agency on Friday said it is keeping its rating for short-term U.S. debt at “A-1+” and for long-term debt at “AA+.”
Federal deficits, while still large, have fallen sharply from the $1 trillion-plus deficits of President Barack Obama’s first term. Still, S&P warns — as rating agencies have done frequently in recent years — that the political brinksmanship in Washington over the federal budget looms as a problem. S&P said it expects the deficit to rise toward the decade’s end unless there are new measures to raise revenue or cut spending.
MORE HBJ HEADLINES
Orders for business equipment exceed forecast Forecast lowered for air travel on slower China growth South Africa moves closer to legal trade in rhino horns Projects stall after feds allow fish farming in open ocean Study: Skin care drug prices up 401 percent since 2009 Burton brings Playboy centerfolds back to snowboards
Our new comment system is not supported in IE 7. Please upgrade your browser here.