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.
