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moody s: Moody's downgrades US debt rating outlook to negative

"In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody s expects that the US s fiscal deficits will remain very large, significantly weakening debt affordability," the agency said. ....

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Fitch's US downgrade is stoking the very fight it warned against

Fitch Ratings decision to downgrade US government debt has been seized upon by rival political factions as a new weapon of combat in their never-ending war, and finger pointing has already commenced. Although President Biden has yet to publicly comment on the ratings cut, aides claim he was initially irritated about the news. The House Freedom Caucus, a group of Republican lawmakers, is demanding lower spending levels during the looming shutdown fight, while Bidens team has blamed Donald Trump for the reduction. ....

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