Moody’s Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country’s budget deficit.

China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday.

(NaturalNews) For those who haven't been paying much attention to the financial situation recently, the U.S. Treasury has just entered what I call the "final blowout phase" of debt desperation.