l{"id":1296076,"date":"2023-11-10T23:14:46","date_gmt":"2023-11-10T23:14:46","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/credit-agency-moodys-cuts-outlook-on-us-government-to-negative\/"},"modified":"2023-11-10T23:14:46","modified_gmt":"2023-11-10T23:14:46","slug":"credit-agency-moodys-cuts-outlook-on-us-government-to-negative","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/credit-agency-moodys-cuts-outlook-on-us-government-to-negative\/","title":{"rendered":"Credit agency Moody\u2019s cuts outlook on US government to negative"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"dcr-1kas69x\">The credit ratings agency Moody\u2019s reduced its outlook on the US government from stable to negative, citing division in Washington DC and risks to the nation\u2019s fiscal strength.<\/p>\n<p class=\"dcr-1kas69x\">While Moody\u2019s maintained the US\u2019s current top-grade AAA rating, it raised the prospect that this may be cut.<\/p>\n<p class=\"dcr-1kas69x\">Moody\u2019s warned that the US\u2019s deficits are likely to remain \u201cvery large\u201d in the face of higher interest rates. It also cautioned that \u201ccontinued political polarization\u201d in Congress rasies the risk that governments \u201cwill not be able to reach consensus on a fiscal plan to slow the decline in debt affordability\u201d.<\/p>\n<p class=\"dcr-1kas69x\">The federal government is on the brink of another shutdown, with just a week left for the Republican-led House, Democratic-led Senate and Biden White House to reach a breakthrough on funding.<\/p>\n<p class=\"dcr-1kas69x\">The Biden administration said it disagreed with the decision, which comes just three months after another major agency, Fitch, <a href=\"https:\/\/www.theguardian.com\/us-news\/2023\/aug\/01\/us-credit-rating-downgraded-fitch-white-house\" data-link-name=\"in body link\">downgraded<\/a> its top rating for the US. Standard &amp; Poor\u2019s, the other leading ratings agency, had already done so.<\/p>\n<p class=\"dcr-1kas69x\">\u201cIn the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody\u2019s expects that the US\u2019s fiscal deficits will remain very large, significantly weakening debt affordability,\u201d the agency said in a statement.<\/p>\n<p class=\"dcr-1kas69x\">Wally Adeyemo, the US deputy treasury secretary, said: \u201cWhile the statement by Moody\u2019s maintains the United States\u2019 AAA rating, we disagree with the shift to a negative outlook. The American economy remains strong, and treasury securities are the world\u2019s pre-eminent safe and liquid asset.\u201d<\/p>\n<p class=\"dcr-1kas69x\">Karine Jean-Pierre, White House press secretary, suggested the move was \u201cyet another consequence of congressional Republican extremism and dysfunction\u201d.<\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.theguardian.com\/business\/2023\/nov\/10\/moodys-us-government-credit-rating-negative\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The credit ratings agency Moody\u2019s reduced its outlook on the US government from stable to negative, citing division in Washington DC and risks to the nation\u2019s fiscal strength. While Moody\u2019s maintained the US\u2019s current top-grade AAA rating, it raised the prospect that this may be cut. Moody\u2019s warned that the US\u2019s deficits are likely to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1296076","post","type-post","status-publish","format-standard","hentry","category-us-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit agency Moody\u2019s cuts outlook on US government to negative - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theguardian.com\/business\/2023\/nov\/10\/moodys-us-government-credit-rating-negative\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit agency Moody\u2019s cuts outlook on US government to negative - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"The credit ratings agency Moody\u2019s reduced its outlook on the US government from stable to negative, citing division in Washington DC and risks to the nation\u2019s fiscal strength. While Moody\u2019s maintained the US\u2019s current top-grade AAA rating, it raised the prospect that this may be cut. Moody\u2019s warned that the US\u2019s deficits are likely to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theguardian.com\/business\/2023\/nov\/10\/moodys-us-government-credit-rating-negative\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T23:14:46+00:00\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theguardian.com\/business\/2023\/nov\/10\/moodys-us-government-credit-rating-negative#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/credit-agency-moodys-cuts-outlook-on-us-government-to-negative\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"Credit agency Moody\u2019s cuts outlook on US government to negative\",\"datePublished\":\"2023-11-10T23:14:46+00:00\",\"dateModified\":\"2023-11-10T23:14:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/credit-agency-moodys-cuts-outlook-on-us-government-to-negative\/\"},\"wordCount\":295,\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"articleSection\":[\"US economy\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/credit-agency-moodys-cuts-outlook-on-us-government-to-negative\/\",\"url\":\"https:\/\/www.theguardian.com\/business\/2023\/nov\/10\/moodys-us-government-credit-rating-negative\",\"name\":\"Credit agency Moody\u2019s cuts outlook on US government to negative - 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