Posted by
Defend America on Tuesday, March 16, 2010 6:08:43 PM
Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating (Update1)
By Rebecca Christie
Feb. 8 (Bloomberg) -- Treasury Secretary Timothy F.
Geithner said the U.S. is in no danger of losing its Aaa debt
rating even though the Obama administration has predicted a $1.6
trillion budget deficit in 2010.
“Absolutely not,” Geithner said, when asked in an ABC
News interview broadcast yesterday whether a downgrade is a
concern. “That will never happen to this country.”
Geithner said investors around the world turn to U.S.
Treasury securities and dollar-denominated assets whenever they
are worried about global stability. That reflects “basic
confidence” in the U.S. and its ability to bounce back from the
global recession, he said.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aDYv97KxyEtU