Moody's cuts USA outlook to negative, citing higher interest rates and deficits
- Moody's changed the outlook of the United States' debt to negative, increasing the chances of a credit rating downgrade, which could have negative implications for Americans' investment portfolios and borrowing costs.
- Moody's cited America's extraordinary political divide, including near defaults, government shutdowns, and an inability to exercise fiscal responsibility, as reasons for the negative outlook. They stated that building political consensus to address fiscal deficits appears extremely difficult.
- A potential downgrade of the US credit rating would cause US Treasury yields to rise, impacting various debts including mortgage rates and global contracts.
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Total News Sources0
Leaning Left12Leaning Right19Center22Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
41% Center
L 23%
C 41%
R 36%
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