Good morning, Fools! Let's dig into this morning's latest news.
Moody's warns about U.S. credit rating
Ratings company Moody's offered a word of caution in advance of congressional budget negotiations, stating that if the talks weren't successful, the U.S.'s credit rating would likely be downgraded from triple-A, a Wall Street Journal report said Tuesday. In a press release Tuesday, Moody's warned of a possible "fiscal cliff" that "could lead to instability" and thereby spark the downgrade.
Legg Mason CEO to resign
Fetting will remain a consultant until the end of the year, Reuters reports.
McDonald's sees same-store sales growth in August
Shares had declined 9% year-to-date as of yesterday.