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
Profits plunge at major U.S. oil companies U.S. rig count drops 11 this week to 420, another all-time low There’s rare good news on the retirement front Canadian dollar rises above 80 cents U.S. mark OPEC oil output surges as Iran looks to regain market share U.S. wage increases subdued in first quarter