When Moody's, the bond rating agency, threatened to downgrade the creditworthiness of the U.S. government if the ceiling on the national debt isn't raised by Aug. 2, the threat was reported on the evening news on CBS and NBC, and on the front pages of many newspapers.But journalists paid less attention when Moody's and Standard & Poor's said they would downgrade U.S. bonds if federal debt isn't cut by $4 trillion over the next 10 years.
Source: http://www.realclearpolitics.com/articles/2011/07/24/the_problem_is_spending_110694.html
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