US: Ability to pay back its debt is questioned

18th April 2011

The key paragraph, identified by the Wall Street Journal's Market Beat blog, may well be the following;

"We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA' sovereigns."

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