Moody's Warns of Increased US Fiscal Risks Following Trump Election
The election of Donald Trump and potential Republican control of Congress could lead to significant fiscal policy changes and increased debt.
- Moody's has flagged a higher risk to U.S. fiscal health following Donald Trump's election as president.
- U.S. budget deficits and government debt are projected to rise significantly, with Trump's policies potentially exacerbating these trends.
- Republicans are poised to control both chambers of Congress, which may accelerate the implementation of Trump's economic agenda.
- Moody's has maintained a top credit rating for the U.S. but shifted its outlook from 'stable' to 'negative' last year.
- Potential policy shifts in tax, trade, immigration, and climate could have major impacts on industries like manufacturing and technology.