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"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. ....
Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+. ....
Fitch Ratings cited Washington’s rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+. ....
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. ....