Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficitUS government debt may come under more pressure this week after the credit ratings agency Moody’s stripped the US of its top-notch triple-A rating.Moody’s dealt a blow to Washington last Friday, when it downgraded the US and warned about rising levels of government debt and a widening budget deficit. It cut its US credit rating by one notch to AA1, becoming the last of the big three agencies to downgrade the country from a triple-A rating. Continue reading...