Moodys downgraded US credit rating
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Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising government debt and they’ll also look for more progress from President Trump on trade deals as the week kicks off.
The move came as Republicans seek to approve a large package of tax cuts, spending hikes and safety-net reductions which could add trillions of dollars in U.S. debt.
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Axios on MSNThe real message of the Moody's downgradeThe U.S. government is spending far more than it takes in as revenue, causing ever-rising debt — and there is no sign that will change anytime soon. The big picture: Those facts are well-known to anybody who has taken a cursory look at the government's books.
Moody’s decision to lower the rating on U.S. government debt seems unlikely to shake up the corporate bond market too much.
Sen. Ashley Moody will roll out a measure Wednesday that will expedite the removal of criminal illegal immigrants from the United States involved in gangs, foreign terrorist organizations or convicted of any felony on U.
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If a planned fiscal consolidation in Colombia fails to stabilize public debt and comply with fiscal rules, it could lead to a ratings downgrade for the Andean nation, a top Moody's analyst said on Tuesday.
Moody’s Ratings has joined Fitch Ratings and S&P Global Ratings as the last credit agencies to downgrade the U.S. economy, the world’s largest. The agency cited the country’s
If the U.S.’s loss of its final perfect credit rating boosts yields on Treasury debt, it likely would boost the cost of borrowing for both companies and consumers.