Moody's warns US government shutdown bad for country's credit
Tuesday, 26 September 2023 Credit rating agency Moody's has warned that a US government shutdown would harm the country's credit. This comes after Fitch downgraded the US due to a debt ceiling crisis. Without funding from Congress, government services would be disrupted and federal workers furloughed. Moody's analyst William Foster stated that political polarization in Washington weakens fiscal policymaking, which could lead to a negative impact on the credit profile and a potential downgrade.
How Would a Government Shutdown , Affect the US?.
If Congress does not allocate government funding for the fiscal year beginning Oct. 1.
438 government agencies will not be able to continue normal operations, Reuters reports. .
Here is how several government
agencies could be...
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National Parks to Close , Amid Government Shutdown.
As Congress has yet to pass a funding measure before the Sept. 30 deadline, a government shutdown appears imminent, Politico reports. .
On Sept...
Credit: Wibbitz Top Stories Duration: 01:31Published
Tuesday, 26 September 2023
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