Moody’s warns on deteriorating outlook for US public finances
- Moody's warns that America's fiscal strength has deteriorated since November 2023, indicating a multiyear decline in fiscal health for the country.
- A credit downgrade by Moody's could follow similar moves by Fitch, which lowered America's credit rating in August 2023, citing high government debt.
- The Congressional Budget Office warns that America may breach its debt limit by August or September if Congress does not act on spending.
- Moody's expresses concerns about the impact of the Trump administration's tax cuts and their potential detriment to government revenues.
31 Articles
31 Articles
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Moody's Issues Dire Warning About State of US Government Finances, Shows Urgent Need For DOGE to Cut Faster
Moody’s is sounding the alarm on U.S. debt and deficits, warning the nation’s AAA credit rating may soon be in jeopardy. Interest payments are set to explode, and spending cuts remain politically difficult. Key Facts: Moody’s warns that U.S. fiscal strength is weakening due to ballooning deficits and debt. Interest payments on the national debt could rise to 30% of federal revenue by 2035, up from 9% in 2021. The U.S. debt-to-GDP ratio is proje…
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Key topics: Fed slows Treasury runoff to maintain liquidity amid debt limit uncertainty. Concerns over reserve shortages echo 2019 market turbulence fears. Future shift toward all-Treasury portfolio remains a long-term goal. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s bastion of i…
US government's fiscal strength deteriorating, Moody's warns
The U.S. government's fiscal strength is deteriorating as the trend of larger budget deficits and mounting debt continues, Moody's Ratings said in a report released Tuesday.Moody's said that America's fiscal health has worsened in the time since it lowered its outlook on the country's AAA credit rating in November 2023. Fitch cut the U.S. credit rating one tier from AAA to AA+ in 2023 over fiscal challenges and debt limit brinksmanship, while St…
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