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- Moody’s: the U.S. government will be able to pay money, regardless if the debt limit will be raised or not
Moody’s: the U.S. government will be able to pay money, regardless if the debt limit will be raised or not
Moody's Investors Service said on Monday that the U.S. government will be able to pay money, regardless if the debt limit will be raised or not.
"Even if the debt limit is not raised, we believe the government will order its payment priorities to allow the Treasury to continue servicing its debt obligations," Moody's Senior Vice President Steven Hess said.
The U.S. government needs to cut expenditures by 11% across fiscal 2016 to stay in the black if the debt limit deal will not be reached.
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