Moody's may downgrade again

Just what Obama doesn't need--a downgrade of our credit rating. We need a Budget and debt reduction to GDP.

* Budget negotiations likely to determine AAA rating and outlook
* If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1
* Assumes “relatively orderly” process for increasing debt limit
* The full Moody’s statement is here