Moody’s Investors Service warned on Wednesday that the triple-A rating of U.S. treasury bonds could be in peril unless the federal budget deficit is reduced or the economy grows more vigorously than expected.
So on THIS WEEK, during our exclusive interview with Treasury Secretary Timothy Geithner, I asked if the U.S. is at risk of losing its triple-A bond rating.
He responded bluntly: “Absolutely not. And that will never happen to this country.”
“When people were most worried about the stability of the world, they still found safety in the Treasuries and the dollar," he continued. "That is a very, very important sign of basic confidence in our capacity as a country to work together to fix these problems.”
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