Monday, December 20, 2010

US Debt Could Be Downgraded to Junk Status?

Dec. 20 2010 | Moody's warned that the tax bill could have a negative effect on US debt. Now that the bill has passed, there are some concerns US Treasurys could be downgraded. Peter Morici, a professor at U of Maryland; Rodney Anderson, author of "Credit 911"; and CNBC's Eamon Javers discusses the likelihood of that scenario.

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