The evaluation house Moody’s downgraded the worthy of USA From AAA to AA1 with a steady perspective, citing US debt increase and costs for the federal budget.
“Successive US governments and Congress have failed to agree to measures to reverses the trend of major fiscal deficits on an annual basis and increasing borrowing costs,” Moody’s notes.
And he emphasizes the tax cuts promoted by US President Donald Trump: “We do not believe that the reduction in spending and deficit with the budget bill under discussion can be achieved.”