Following Moody’s decision fire a shot across the bows of talks over raising the US debt ceiling a key option facing Vice President’s working committee on the debt ceiling has been removed according to Jeremy Batstone-Carr, the director of private client research at Charles Stanley in London. With Moody’s predicting the most likely outcome will be a failure to reach a consensus by mid-July, the point at which it would review its outlook for US debt, not August 2, which is the official deadline for the talks, there is a very real chance that Moody’s could act on its US rating, according to Batstone-Carr. “This ... (full story)