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Hewlett-Packard Company Message Board

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  • cap_pig11 cap_pig11 Oct 18, 2012 12:48 PM Flag

    A Moody's Downgrade.....

    More from the Wash Post!!

    “Another downgrade of our nation’s debt by a major rating service . . . could lead to significantly higher interest rates,” the letter says. “Higher interest payments would worsen our nation’s fiscal burden and likely increase the uncertainty and instability in global financial markets.”

    The letter, organized by the trade group the Financial Services Forum, comes as the White House and congressional Republicans appear prepared to play a game of chicken over the “fiscal cliff.” Obama officials say the president is prepared to veto any proposal to stop the “fiscal cliff” that does not increase tax rates on the wealthy, a red line that Republicans do not want to cross.

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