Government: Moody's Suggests U.S. Eliminate Debt Ceiling

Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.

The United States is one of the few countries where Congress sets a ceiling on government debt, which creates "periodic uncertainty" over the government's ability to meet its obligations, Moody's said in a report.

For more, see Moody's Suggests U.S. Eliminate Debt Ceiling by Walter Brandimarte, July 18, 2011 at Reuters.