Leading investment agency Moody’s warned the U.S. government Thursday that its sterling credit rating could be downgraded in the next few weeks if there is no progress in Washington on reaching a deal to increase the nation’s borrowing limit.

Moody’s Investor’s Service said it would place the government’s Aaa rating under review for a possible downgrade due to the “very small but rising risk” of a short-lived default if the White House and Republican leaders can’t agree on raising the nation’s debt ceiling, which has already hit $14.3 trillion.

Moody’s announcement followed the lead set by S&P, which announced in April that it was downgrading the U.S. credit outlook to negative over the nation’s mounting debt.

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