Thursday, January 3, 2013

Fiscal Fault Line: 'No new taxes except for the new taxes'. (VIDEO)







Two of America's top rating agencies say Congress hasn't done enough to remove the risk of another credit downgrade - even despite the deal to delay going over the fiscal cliff. Moody's and Standard & Poor's are calling on lawmakers to urgently come up with a plan to slash the growing national debt, which has gone over its 16.4 trillion dollar limit. Earlier, Congress approved a bill to avoid a chain of events, which experts say could plunge America back into recession.



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