Outlook on U.S. debt looking better

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Friday, July 19, 2013 - 9:58am

America is moving on up! Moody's Investors Service has raised its outlook on U.S. debt to "stable," shedding the negative outlook that it's maintained for nearly two years.

In a report released late Thursday, Moody's said the move reflects a decline in the U.S. budget deficit, which is expected to continue to shrink over the next few years, along with a moderately improving economy.

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