“The U.S. could suffer another credit downgrade, similar to the Standard & Poor’s decision to strip the country of its coveted AAA rating in 2011, says Bill Gross, founder of Pimco, manager of the world’s largest bond fund.
The U.S. is running a structural deficit, a deficit a country would post even while running at full capacity, that is seriously jeopardizing the country’s health. Until the government addresses massive liabilities, the country is headed for another downgrade.
Standard & Poor’s currently rates the country at AA, while Moody’s rates the country at AAA.
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