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Moody’s Lowers Outlook on US Debt

Moody’s Lowers Outlook on US Debt

The rating on the debt is still AAA, however

Via Associated Press

Moody’s Investors Service lowered its outlook on the U.S. government’s debt Friday, citing the cost of rising interest rates and political polarization in Congress.

“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the U.S.’s fiscal deficits will remain very large, significantly weakening debt affordability,” the agency said in a statement.

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