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WASHINGTON — Treasury Secretary Timothy Geithner 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.
Geithner said on ABC’s “This Week” on Sunday that in times of economic crisis, international investors will continue to buy U.S. Treasury bonds because the bonds are a safe investment.
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. Geithner said that will never happen.
