Moodys cuts U.S. outlook to negative

[tsptalk]

Moody’s cuts U.S. outlook to negative, citing deficits and political polarization

Moody’s Investors Service lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.

The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa.

Moody’s move to cut its outlook arrives as Congress faces the looming threat of a government shutdown once more. The government is funded through next Friday.

Newly elected House Speaker Mike Johnson said he plans to release a Republican government funding plan on Saturday.

https://www.cnbc.com/2023/11/10/moo...iting-higher-interest-rates-and-deficits.html

 

[James48843]

The government funding plan released by Johnson appears to lack sufficient support to pass.

It’s looking very much like a shutdown ahead- and not much hope of a quick solution if it does expire.


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