Business

Moody's Investors Service Upgrades U.S. Debt

NPR | July 19, 2013 5:45 a.m. | Updated: July 19, 2013 9:01 a.m.

Moody’s lifted the rating from “negative” to “stable” and affirmed the country’s AAA rating. In a statement, it said the U.S. economy has demonstrated resilience in the face of major cuts to government spending. The country is on track to report its lowest annual deficit in five years.

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