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  • Geithner says US credit rating safe despite debt

    02/07/2010 6:10:05 AM PST · by Zakeet · 44 replies · 811+ views
    Associated Press ^ | February 7, 2010
    Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. [Snip] Moody's Investors Service recently issued a warning that the government's credit rating could eventually be in jeopardy if nation's finances don't improve. The cost of borrowing would increase significantly if the ratings service lowered the credit rating, also known as a bond rating, for U.S. Treasuries. Geithner tells ABC's "This Week" that will never happen.