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Upgrading the U.S.A.

Authors :
Rugy, Veronique de
Source :
Reason. Nov2011, Vol. 43 Issue 6, p20-21. 2p.
Publication Year :
2011

Abstract

The article reports that the ratings agency Standard & Poor Corp. has reduced the U.S. long-term debt rating from AAA to AA+. It states about the debt problem in U.S. which results from the spending on Social Security, Medicare, and Medicaid and this increases the debt-to-GDP ratio in the coming years. It informs that progresses should be needed for meeting the upcoming deficit-reduction to reduce the debt-to-GDP ratio.

Details

Language :
English
ISSN :
00486906
Volume :
43
Issue :
6
Database :
Academic Search Index
Journal :
Reason
Publication Type :
Periodical
Accession number :
66909026