Los Angeles Times (September 12)
2012/ 09/ 15 by jd in Global News
In the U.S. a fiscal cliff is approaching when tax cuts expire on January 1, government spending is scheduled for automatic reduction and limits on government borrowing will be reached. “The message from the analysts at Moody’s and S&P is that lawmakers can’t keep putting off the day of reckoning. Moody’s set a reasonable condition for avoiding a downgrade: adopting policies that stabilize, then reduce the debt as a percentage of the U.S. economy over the next several years.”
