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.
30 Articles
30 Articles
Meelis Oidsalu: Trump's fingerprints all over US annual threat assessment
Significant changes in the United States' annual threat assessment suggest that Donald Trump's administration has a direct and clear impact on what is designated as independent intelligence analysis, meaning his era's assessments should be read in careful juxtaposition with those of previous administrations, defense expert Meelis Oidsalu noted in his Vikerraadio daily commentary.
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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