Moody’s Investors Service cut its debt rating will likely government of the United States (U.S.). Moody’s said it would review the rating of U.S. government debt in the Aaa level, to the possibility of lowered. Unless there is progress in increasing the debt limit by mid-July.

These rating agencies assess, the increasing polarization over the debt limit has increased the likelihood of default in a short time. “If this situation remains unchanged in the coming weeks, Moody’s will review the U.S. rankings,”said Moody’s, in a report today.

Treasury Secretary Timothy F. Geithner has warned failure to raise the debt ceiling on August 2, probably negative effect on the U.S. economy with a sharp rise in borrowing costs. On that date the authority he projected the loan will be exhausted.

However, Geithner today predicts will reach agreement in an effort to avoid a default crisis and long-term fiscal plan.

Meanwhile, Speaker of the House Republican John Boehner using Moody’s statement to underline his party’s position, that any agreement to increase the debt ceiling at U.S. $ 14.3 trillion must be accompanied by plans to reduce the budget deficit. “Increasing the debt limit without major cuts in spending that will threaten the economy,” Boehner said.

In April, Standard & Poor’s said the U.S. government at risk of losing AAA debt rating, except for policy makers in 2013 approved a plan to reduce the budget deficit and national debt.

U.S. government bond yields on the 10-year rose from 3.01% to 3.03%, at 5 pm in New York.