日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Moody's Ratings cuts US credit rating citing budgetary burden

Xinhua | Updated: 2025-05-17 06:11
Share
Share - WeChat
A person walks the grounds of US Capitol on the day US President Donald Trump's sweeping tax bill failed to clear a key procedural hurdle as hardline Republicans demanding deeper spending cuts blocked the measure in a rare political setback for the Republican president in Congress, in Washington, DC, US, May 16, 2025. [Photo/Agencies]

NEW YORK - Moody's Ratings on Friday slashed US long-term issuer and senior unsecured ratings to Aa1 from Aaa citing rising government debt and interest payment ratios.

Meanwhile, Moody's Ratings changed the outlook of US sovereign rating from negative to stable.

"This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns," said a release by Moody's Ratings.

Moody's Ratings changed the outlook of US sovereign rating from stable to negative in November 2023.

"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," the release said.

"We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration. Over the next decade, we expect larger deficits as entitlement spending rises while government revenue remains broadly flat," it said.

In turn, persistent, large fiscal deficits will drive the government's debt and interest burden higher, said Moody's Ratings.

US fiscal performance is likely to deteriorate relative to its own past and compared to other highly-rated sovereigns, according to the credit rating agency.

The downgrade on Friday means the United States has lost its last triple-A credit rating from a major ratings firm following cuts by Fitch Ratings in 2023 and S&P Global Ratings in 2011.

Moody's Ratings also forecasted a bleak outlook for the outlook of US debt burden and fiscal conditions in the coming decade.

Without adjustments to taxation and spending, the United States is expected to continue to have limited budget flexibility, with mandatory spending, including interest expense, to rise to around 78 percent of total spending by 2035 from about 73 percent in 2024.

If the 2017 Tax Cuts and Jobs Act is extended, it will add around $4 trillion to the federal fiscal primary (excluding interest payments) deficit over the next decade, according to Moody's Ratings.

Moody's Ratings anticipated that US federal debt burden would rise to about 134 percent of GDP by 2035, compared to 98 percent in 2024.

Despite high demand for US Treasury assets, higher Treasury yields since 2021 have contributed to a decline in debt affordability, warned Moody's Ratings.

Federal interest payments are likely to absorb around 30 percent of revenue by 2035, up from about 18 percent in 2024 and 9 percent in 2021, said Moody's Ratings.

"Moody's downgrade of the United States' credit rating should be a wake-up call to Trump and Congressional Republicans to end their reckless pursuit of their deficit-busting tax giveaway," US Senate Democratic Leader Chuck Schumer said in a statement on Friday.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 好吊在线视频 | 久久久久国产视频 | 唐人社电亚洲一区二区三区 | 日韩欧美一区二区三区 | 毛片激情永久免费 | 亚洲一区二区色 | 成人在线一区二区 | 日韩在线免费视频观看 | 成人看片黄a在线看 | 国产亚洲一区二区三区在线观看 | 国产亚洲欧美在线视频 | www.在线播放 | 亚洲精品黄色 | 亚洲精品国产精品国自产观看 | 国产精品一区二区三区免费 | 草草视频免费在线观看 | 黄色av网站在线免费观看 | 国产一区免费在线观看 | 91高清国产视频 | 97成人在线视频 | 桥本有菜免费av一区二区三区 | 爽妇网国产精品 | 国产免费小视频在线观看 | 丝袜美腿中文字幕 | 欧美经典成人在观看线视频 | 麻豆精品传媒一二三区在线视频 | 午夜视频十八嗯嗯啊免费 | 亚洲综合综合在线 | 精品视频网站 | 亚洲欧美爱爱 | 国产二区三区 | 国产主播福利精品一区二区 | 国产亚洲第一页 | 日韩在线成人 | 欧美日韩福利视频 | 91人人看 | 在线播放国产一区二区三区 | 午夜剧场官网 | 99福利 | 91精品久久久久久久久久久 | 午夜免费 |