Analysts from the international organization Moody’s Investors Service changed the rating outlook of the USA from stable to negative. This situation was officially reported Web site organizations.
In the statement, it was stated that the deterioration in forecasts was due to the increased risks of decline in the financial sustainability of the American economy. According to the agency, the United States cannot currently balance these risks with the country’s unique credit advantages.
The publication emphasizes, “The agency changed the outlook on the US government’s ratings from stable to negative and affirmed its long-term issuer rating and senior unsecured rating at Aaa.”
As experts note, Washington needs to take effective measures within the scope of fiscal policy due to the increase in interest rates in the state. First of all, we are talking about the implementation of initiatives aimed at reducing costs and increasing state revenues.
Otherwise, the United States will face the risk of facing a “very large” budget deficit, according to Moody’s Investors Service.
On October 21, US Treasury Secretary Janet Yellen and White House Office of Management and Budget chief Shalanda Young issued a joint statement. it was said The country’s budget deficit is estimated to rise to $1.7 trillion in fiscal year 2023. This figure increased by 320 billion dollars compared to the previous period.
Formerly political scientist appreciatedWhether the United States is at risk of default due to record growth in government debt.