Moody's Sounds Alarm Over GOP Civil War, Political Polarization

Credit ratings agency Moody's changed its outlook on the U.S. to negative from stable on Friday, citing concerns over fiscal risks and increased political divisions that it said could 'constrain' policymakers from taking actions needed to get the world's largest economy on the right path with budgetary policy.Moody's is the only ratings agency that has yet to downgrade the U.S.

current debt of $33 trillion is increasingly becoming less affordable amid elevated interest rates, Moody's said. Without reforms, fiscal deficits—meaning government spending is higher than its revenues—will hit 8 percent of economic activity in about a decade, fueled by high interest payments on the debt and spending on entitlements. This is more than double the 3.5 percent the average deficit was between 2015 and 2019, Moody's said.

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Moody's changes US credit rating outlook to 'negative' over deficits and polarizationJack Birle is a breaking news reporter for the Washington Examiner. A 2022 graduate of Villanova University with majors in communication and political science, he has previous journalism experience with the Center Square and as a fellow with the National Journalism Center. He was born in Pennsylvania and grew up in Southern California.
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Moody's Cuts Outlook on U.S. Credit RatingThe ratings firm maintained its top rating, for now. S&P and Fitch previoulsy downgraded U.S. credit to AA+.
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Moody's Cuts U.S. Sovereign Credit Rating Outlook to NegativeWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
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