Moody's says the U.S. should eliminate its laws on federal debt limits to reduce uncertainty and...

|By:, SA News Editor

Moody's says the U.S. should eliminate its laws on federal debt limits to reduce uncertainty and instead constrain deficits by a 'fiscal rule,' as in Chile. Moody's sort of spoils it all, though, by citing the EU, where government debt is not supposed to exceed 60% of GDP.