STEVE INSKEEP, HOST: NPR's business news starts with a warning from Moody's.</s>STEVE INSKEEP, HOST: Congress may have approved a bill that averted the crisis - the manufactured crisis known as the fiscal cliff - but the credit-rating agency Moody's is not patting lawmakers on the back. Moody's said this weeks' deficit reduction deal did not produce meaningful improvement to the issue at hand: the country's debt burden and economic output. Moody's warned that if improvements are not made, the agency could downgrade the U.S. credit rating.
The credit-ratings agency Moody's said this weeks' deficit reduction deal did not produce "meaningful improvement" to the issue at hand. That issue: the debt burden and economic output. Moody's warned that if improvements were not made, the agency could downgrade the U.S. credit rating.