“Fiscal policymaking is less robust in the US than in many Aaa-rated peers, and another shutdown would be further evidence of this weakness,” Moody’s said in a statement.
US government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress A possible shutdown would be further evidence of how political polarization in Washington is weakening fiscal policymaking at a time of rising pressures on government debt affordability because of higher interest rates, Moody’s analyst William Foster told Reuters.
US government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1.Moody’s has an “Aaa” rating for the US government with a stable outlook – the highest creditworthiness it assigns to borrowers.
“Fiscal policymaking is less robust in the US than in many Aaa-rated peers, and another shutdown would be further evidence of this weakness,” Moody’s said in a statement.Congress so far has failed to pass any spending bills to fund federal agency programs in the fiscal year starting on Oct.
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