Moody’s cuts U.S. outlook to negative, citing deficits and political polarization.

Visits: 55

Moody’s cuts U.S. outlook to negative, citing deficits and political polarization. We owe this all to Joe.

• Moody’s Investors Service lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.
• The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa.
• Moody’s move to cut its outlook arrives as Congress faces the looming threat of a government shutdown once more. The government is funded through next Friday.
• Newly elected House Speaker Mike Johnson said he plans to release a Republican government funding plan on Saturday.