U.S. Downgrade `Certain' Without Deficit Deal

U.S. Downgrade `Certain' Without Deficit Deal Play

July 14 (Bloomberg) -- Jerome Fons, an executive vice president at Kroll Bond Ratings Inc., discusses federal deficit-cutting negotiations and Moody's Investors Service's decision to place the Aaa credit rating held by the U.S. under review for a possible downgrade. He talks from New York with Andrea Catherwood on Bloomberg Television's "Last Word."

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