Anyone smarter than I am willing and able to talk about the possible ramifications?
Hat tip: VARBuzz
The chance of the U.S. having its credit rating downgraded is pretty good, even if an agreement on the debt ceiling is reached. But Moody’s has also placed on “Watchlist for possible downgrade” the AAA ratings of 162 local governments in 31 states, with the heaviest concentrations in Virginia and Massachusetts. (Emphasis mine.)