Why Moody’s Cut Its Outlook for the US Economy

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Moody’s credit rating agency has downgraded the U.S. economic outlook to “negative” from “stable.”

The move brought immediate criticism from President Joe Biden’s administration. It is the latest in a series of issues flagged by rating agencies about the strength of the financial status of the United States. Rating agency Moody’s rattled Washington by downgrading the country’s economic outlook to “negative” from “stable,” citing growing fiscal deficits.In its latest report, the ratings agency said the U.S. Aaa rating had turned negative due to the country’s declining fiscal strength. The […]

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