Moody's downgrades US debt rating outlook to negative > World News

본문 바로가기

메인페이지로 가기

   한국어  English  中文  日本語

검찰타임즈에 오신 것을 환영합니다.
 최종 기사편집 : 2023-12-15 22:46:00

World News

Moody's downgrades US debt rating outlook to negative

페이지 정보

검찰타임즈 작성일23-11-11 19:57 조회881회 댓글0건




Moody's on Friday downgraded its outlook on United States debt to negative from stable, one week before crucial budget negotiations in Congress.

For now, the agency has maintained its Aaa rating on US government debt.

"In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody's expects that the US's fiscal deficits will remain very large, significantly weakening debt affordability," the agency said.

The US Treasury immediately voiced its disagreement with Moody's decision.

"The American economy remains strong, and Treasury securities are the world's preeminent safe and liquid asset," Deputy Secretary of the Treasury Wally Adeyemo in a statement.

"The Biden Administration has demonstrated its commitment to fiscal sustainability, including through the more than $1 trillion in deficit reduction included in the June debt limit deal as well as President Biden's budget proposals that would reduce the deficit by nearly $2.5 trillion over the next decade."

The US budget deficit, published last month for the 2023 fiscal year ending Sept. 30, has widened to $1.7 trillion.

Due to interest rate hikes by the US central bank to curb inflation, the cost of debt for the United States has ballooned, with Washington paying $162 billion more for interest in the last fiscal year compared to 2022. Moody's is the only major agency to maintain its rating for US sovereign debt at its highest level -- underscoring the potential economic danger to the United States of failing to reach an agreement to keep the government funded in one week's time.

Neither the Democratic-controlled Senate nor the Republican-led House of Representatives has passed a bill to extend government funding, which expires at midnight next Friday into Saturday.

Without an agreement by Nov. 17, the world's largest economy would enter a so-called government shutdown. (AFP)


<저작권자 검찰타임즈, 무단전재 및 재배포금지>

검찰타임즈소개 개인정보취급방침 상단으로
검찰타임즈에 오신 것을 환영합니다.

(주)헤럴드 / 경기,아51300 / 등록일 : 2015년 9월9일 / 발행인 : 김영봉 / 논설위원: 김정민 / 편집인 : 김영미 / TEL070-7552-9416
[본사] 경기도 남양주시 해밀예당1로 272 신안인스빌 2310-302 [서울사무소] 서울 동작구 상도로 160 / 청소년정보보호책임자:정연수
Copyright © All rights reserved.| E-MAIL.

모바일 버전으로 보기