Moody's updates U.S. government

Moody's Investors Service said that budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the United States government's Aaa rating and negative outlook.

If those negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to gross domestic product over the medium term, the rating will likely be affirmed and the outlook returned to stable, Moody's said.

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