A major credit agency, Moody's said on Monday that the US government shutdown would harm the country's credit. A severe warning comes only one month a
Key quotes"In particular, it would demonstrate the significant constraints that intensifying political polarization put on fiscal policymaking at a time of declining fiscal strength, driven by widening fiscal deficits and deteriorating debt affordability."It's worth noting that Fitch downgraded the US in August, citing the debt limit dispute as one of the reasons. Moody's is the only major credit rating firm that has a top credit rating for the US.
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