Moody’s Says Permanent Extension of BushTax Cuts May Lead to U.S Downgrade

After a disastrous G20 summit for Team Obama, now this - Moody's Steven Hess, Senior Credit Officer covering sovereigns, warned that a permanent extension in the Bush tax cuts may lead to a downgrade of the US. Hess also added that pressures on the sovereign rating could develop if the country does not adequately address its debt trajectory. Read more here.