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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.
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Political Wire broke the news in New York, United States on Tuesday, March 25, 2025.
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