Reported 16 days ago
Moody's has indicated that the fiscal health of the U.S. is at greater risk following Donald Trump's election as president, particularly with the expected Republican control of Congress. The agency projects rising budget deficits and government debt under Trump, who has proposed tax cuts and tariffs that may spur growth but also increase inflation. Moody's has downgraded the outlook on the U.S. credit rating to 'negative' and warns that without measures to limit deficits, the government's fiscal strength will decline, potentially leading to rapid policy changes affecting various sectors.
Source: YAHOO