mpg
DP Veteran
- Joined
- Oct 22, 2005
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BBC News - Fiscal cliff: US urged to tackle budget deficit
[h=5]We just raised taxes but the deficit is still too big. Are we going to raise taxes again, do nothing, or cut spending?[/h]
US politicians have been urged to do more to sort out the budget by the two largest credit rating agencies.
The warning comes despite the US narrowly agreeing a deal to stave off the US "fiscal cliff" of spending cuts and tax rises worth $600bn (£370bn).
Rating agency Moody's said lawmakers would need to take additional steps to lower the ballooning budget deficit.
[h=5]We just raised taxes but the deficit is still too big. Are we going to raise taxes again, do nothing, or cut spending?[/h]