Moody's to review US triple-A debt rating

Ratings agency Moody's has said it may cut the US AAA debt rating, citing the "rising possibility" the US will default on its debt obligations.



The agency warned the likelihood the US would fail to raise its statutory debt limit in time to avert default was low but not insignificant.



It came as a fourth day of cross-party talks in Washington on the debt limit were said to have ended stormily.

President Barack Obama reportedly told a top Republican: "Enough is enough."


CLICK ON THIS LINK TO THE FULL BBC ARTICLE.