Moody’s: Congress must reach fiscal deal to avert downgrade

By: American Decency Staff

Moody's Investors Service warned Tuesday that Congress will need to strike a deal on the "fiscal cliff" to avoid a second downgrade to the nation's credit rating.

The rating agency said that budget negotiations in 2013 will likely determine the fate of the nation's credit rating, adding that an inability to strike a deal with "specific policies" to change the nation's debt trajectory would likely mean a downgrade.

---