Moody’s remains the last of the three major rating agencies to maintain a top rating for the US government.
Harris campaign's election-eve concerts said to cost up to $20M — as rank-and-file staff, vendors fear they won't be paid
Trump’s victory has contributed to a selloff in government bonds earlier this week as key elements of his economic plans such as tax cuts andMoody’s said the US fiscal health is at higher risk after the election of Donald Trump as the next president and given the likely composition of Congress.As of Friday, Trump’s Republicans appeared set to possibly win control of both chambers of Congress, a scenario that could allow for a faster implementation of new policies.
“Given the fiscal policies Trump promised while campaigning, and the high likelihood of their passage because of the changing composition of Congress, the risks to US fiscal strength have increased,” it added., and it typically “resolves” an outlook, meaning in case of a negative outlook it either brings it back to stable or goes ahead with a rating downgrade, within 18 to 24 months.
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