Moody's: May Cut U.S. Credit Rating

If there's no deal made on lowering the debt-to-GDP ratio

The following is the text of a statement Tuesday by rating agency Moody's:

Budget negotiations during the 2013 Congressional legislative session will likely determine the direction of the US government's Aaa rating and negative outlook, says Moody's Investors Service in the report "Update of the Outlook for the US Government Debt Rating."