Congress, Reducing The Federal Deficit | featured news

Moody's: Obama budget unlikely to be implemented

Moody's: Obama budget unlikely to be implemented

President Barack Obama's deficit reduction plan would be positive for U.S. ratings but chances of its implementation are "extremely low," Moody's Investors Service said on Monday.

 

Top Democrats Push for Plans to Trim Deficit

The White House and Congressional leaders are weighing options for reducing the federal deficit, including a bipartisan commission that could force tax increases and spending cuts.

 

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