Created Fri 22nd May 8:44am PST by

Will the US lose its AAA credit rating in 2009?

Background: May 22 (Bloomberg) -- Treasury Secretary Timothy Geithner committed to cutting the budget deficit as concern about deteriorating U.S. creditworthiness deepened, and ascribed a sell-off in Treasuries to prospects for an economic recovery.

“It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner said yesterday. He added that the target is reducing the gap to about 3 percent of gross domestic product, from a projected 12.9 percent this year.

The dollar extended declines today after Treasuries and American stocks slumped on concern the U.S. government’s debt rating may at some point be lowered. Bill Gross, the co-chief investment officer of Pacific Investment Management Co., said the U.S. “eventually” will lose its AAA grade.

http://www.bloomberg.com/apps/news?pid=20601087&sid=au5M0WphL81g&refer=worldwide

Settlement details:As reported by a major mainstream news source.

Forecast history %

Yes

11%

89%

Question suspends in 5 weeks

Activity: H$72,458
Predictions: 56
Comments: 1

Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go)

Initial likelihoods: Yes: 50%

Action history:

Created Fri 22nd May 8:44am PST by

lola

hide

Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go) details

Get widget!

Post on Digg Delicious Reddit Facebook

Predictions (56)

2 days ago

frogchop Level 17, Superdubber (H$1,690,907)

predicted No (H$5,000 at 84%)

1 week ago

hemantkpatel Level 9, Expert (H$7,949)

predicted No (H$200 at 82%)

1 week ago

mdad8200 Level 8, Super-Pro (H$5,538)

predicted No (H$100 at 82%)

2 weeks ago

fenricstoast Level 7, Pro (H$3,448)

predicted No (H$100 at 82%)

3 weeks ago

tuff_sledding [Power User]

predicted No (H$2,000 at 79%)

Comments (1)

anaa

There is no doubt that living in ties of recession is hard. Bankruptcy filings for large business firms have become pandemic across the globe, including U.S. firms that have traditionally been mainstays. Some bankruptcy filings came as surprises and some not so much. That’s why, people are looking forward in using their credit cards. . Borrowing money is never a pleasant prospect, and no one likes to do it, but every so often we end up in a situation where we're short and need some money now, and don't have the extra cash to cover our expenses. Whether it's a personal loan from family and friends, or using credit cards, we all need a small loan from time to time, and it's during those times when you might consider a payday lender. Visit this site to read more: http://personalmoneystore.com/personal-loans/money-loans/borrowing-money/

posted 15 weeks ago