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Moody's turns negative on US credit rating, draws Washington ire

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Moody's on Friday lowered its outlook on the U.S. credit rating to 'negative' from 'stable' citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.

<p>WASHINGTON — Moody's on Friday lowered its outlook on the U.S.

</p><p>&quot&#x3B;It is hard to disagree with the rationale, with no reasonable expectation for fiscal consolidation any time soon,&quot&#x3B; said Christopher Hodge, chief economist for the U.S.

 

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