“US politicians have been urged to do more to sort out the budget by the two largest credit rating agencies.
The warning comes despite the US narrowly agreeing a deal to stave off the US ‘fiscal cliff’ of spending cuts and tax rises worth $600bn (£370bn).
Rating agency Moody’s said lawmakers would need to take additional steps to lower the ballooning budget deficit.”
Source:BBC News – Fiscal cliff: US urged to tackle budget deficit