- 27 Feb 2013 at 3:12 PM
While triggering the U.S. spending cuts known as the sequester and a government shutdown won’t prompt a ratings downgrade, those outcomes “erode confidence” of achieving deficit reduction needed to sustain the nation’s top credit grade, according to Fitch Ratings.
In other words, don’t make these $1.3 trillion in budget cuts because it makes you look like a banana republic. But do cut the deficit by $1.6 trillion. Either way, we probably won’t downgrade you because we’d rather not be sued for everything and more.
- Ratings Agency Would Prefer Not to Be Sued, Won't Cut U.S. Debt Rating February 27, 2013
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed September 17, 2014
- Harvard Professor Been Waiting 39 Years To Nail Lloyd Blankfein To The Wall September 18, 2014
- Tom Brady Could've Been The Tom Brady Of Merrill Lynch September 18, 2014
- Call The (Alibaba) Close (UPDATE) September 19, 2014
- Sex, Shoe Bonuses For Interns NBD At UBS (Update) September 15, 2014
- Opening Bell: 09.19.14 September 19, 2014
- Alibaba Rank And File Employees Super Excited (That The Weekend Is Here) September 19, 2014
- Man Posting Photos Of Near-Naked Women To Instagram Amazingly Has Lots Of Followers September 17, 2014
- Bank Of America's Attempt To Get Out Of 99th Billion Dollar Fine Probably Unsuccessful September 19, 2014
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com