Moody’s Cuts US Rating

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🇺🇸 🇺🇸 Moody’s cuts U.S. outlook to negative, citing deficits and political polarization. The rating assessor lowered the outlook from stable while affirming the nation’s rating at Aaa, the highest investment-grade notch. Amid higher interest rates, without measures to reduce spending or boost revenue, fiscal deficits will likely “remain very large, significantly weakening debt affordability,” Moody’s said
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