Debt and Deficits

Moody's Upgrades Outlook on US Debt

Moves it from 'negative' to 'stable' over deficit drop

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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.