Fiscal Cliff

Moody's Says More Must be Done to Avoid U.S. Downgrade

Fiscal cliff measures not enough


Moody's Investors Service announced Thursday that a compromise to avoid the "fiscal cliff" is not enough to protect the nation's AAA rating, calling for further action from policymakers.

The outcome from the fight over raising the debt limit, due for February or March, may decide the fate of the nation's credit rating, as it appears to coincide with the expiration of the two-month delay on automatic spending cuts, the credit rater added.