Sentences with phrase «substantial financial shortfall»

«Notwithstanding recent favorable developments, current - law projections indicate that Medicare still faces a substantial financial shortfall that will need to be addressed with further legislation,» the report notes.

Not exact matches

Also quoting from the post at Accrued Interest, quoting from the Moody's report, «Moody's stated that the ratings review was prompted, in part, by concerns about the deterioration in ABK's financial flexibility since the company's $ 1.5 billion capital raise in March 2008, as evidenced by the substantial decline in the firm's market capitalization and high current spreads on its debt securities, making it increasingly difficult to economically address potential shortfalls in the company's capital position should markets continue to worsen.