The US debt is no longer the main credit rating agents after Moody’s Downgrade

• Moody’s USA lowered credit rating The federal debt from AAA to AA1 on Thursday is no high price from any main rating agencies of the federal debt. Moody’s referred to “Interest rates to levels of more than ten years in government debt and significantly higher than the same appreciated soverings.”

In recent years, the debt explosion has finally ridiculed Moody to reduce the US loan on Thursday in Moody on Thursday to get no high price from any main rating agencies.

Moody’s cut a rung from AAA to AA1The alarm sounded In the financial position in the financial situation in March. In November 2023, Moody’s often lowered the forecast to us in a negative side, which is a negative side of the blessing.

“This alone on the 21 notch rating schedule reflects the growth of the government, which is significantly higher than the government debt and interest rates, which are significantly higher than the ratings and interest rates for more than ten years,” The agency said in a statement.

“Successful US Offices and Congress We could not agree on measures to break up a great annual financial shortage and increased interest expenditures. We do not believe that the financial proposals will result in the material perennial reductions of compulsory expenses and shortcomings.”

Downgrade, Republican-driven congress President Donald Trump is trying to expand tax discounts and add new ones to tips, work and social security revenues.

Prayers also search for spending cuts, the overall influence of financial proposals will add trillions to budget deficit in the coming years.

This is the budget deficit, this fiscal year has earned $ 1 trillion so far and in advance in pre-fiscal years. The debt rate payments are already one of the largest expenditure items, more than the budget of the Pentagon.

Moody’s, in 2024, in 2024 expects 6.4% to 6.4% of GDP to be reduced from 6.4%, as income and income expenses remain relatively less. As a result, the US debt will increase by 134% of GDP in 2024 in 2035 to 98%. Interest payments will make up 30% of income from about 18% in 2024.

“In the next decade, when the government’s income is widely left, Moody’s said Friday.” In turn, sustainable, large financial shortcomings are higher than the government’s debt and interest load. The US financial performance will deteriorate compared to bad and other highly valued soverings compared to their past. “

In a low rankings, Moody’s, strong economy and a dollar currency, stood the US outlook of the United States. However, this “excessive privilege” can no longer make a makeup for water harvest.

We recognize the important economic and financial forces of “us’, we believe that they have no more fiscal dimensions,” Moody’s said.

The White House immediately did not meet the desire to comment.

Moody’s was the last of the largest rating agencies that lend us. Fitch cut the United States by a notch in 2023, financial deterioration and repetitive debt ceiling Brinkmanship. This was followed by a similar decline in 2011 after 2011 after the previous debt ceiling crisis.

Despite the fall on Friday, Moody’s also hoped for American institutions – as tested, as well as his money and macroeconomic polymatics.

“In particular, we assume that the government’s long-term response and residues between the three goals of the government will not change the long-lasting.” “In addition, we appreciate the ability to regulate the financial trajectory of the United States and develop from a draft to another without making a policy decision.”

This story was first displayed Fortune.com

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