Sen. Chuck Schumer (D-NY) on Moody’s putting U.S. credit rating under review for possible downgrade:
This is a reminder that the deadline for these negotiations may not be as far away as August 2 or even July 22. It’s whenever the credit markets decide it is. We need to come to an agreement immediately because the irreversible consequences of a potential rating downgrade could occur ahead of an actual default.
More here.
