Moody's Investors Service upgraded the outlook for U.S. government debt to 'Stable' from "Negative" and affirmed the United States' blue-chip Aaa rating.
The rating agency cited a surprising drop in the federal deficit — the difference between what the government collects in taxes and what it spends. The U.S. government is on track to report its lowest annual deficit in five years.
Source: AP. Read full article. (link)