US Treasury Secretary defends country’s AAA bond rating
US Treasury

US Treasury Secretary Timothy Geithner has said that country’s AAA debt rating was not in danger.

Mr. Geithner’s comments emerged in wake of Moody's Investors Services’ warning that the US treasury bonds could lose their triple-A rating unless the Government reduces federal budget deficit.

When asked whether the country would lose its top rating, Mr. Geithner said, "That will never happen to this country."

It may be noted here that Obama administration has recently predicted a $1.6 trillion budget deficit in 2010, while the Congress raised the debt limit to more than $14 trillion.

In an interview with ABC's ‘This Week’, Mr. Geithner added that investors around the world would continue turning to the US Treasury securities and dollar-dominated assets whenever question of global stability would arise.

Latest News

Sarkozy to Suffers Heavy Loss in French Regional Poll
Maternity Units Incompetent for Obese Women
Robbie Williams Makes a Joke on Mark Owen's ‘Trouble’
Cheryl Cole Firm to File Divorce From Ashley
Government Seeks Cutback in Borrowing with the Upcoming Budget
“Hung UK Parliament” a Likely Outcome: Polls
Office of Fair Trading
MNBA
Lloyds Banking
Shigeru Miyamoto
Marten Mickos
Facebook