Moody’s Slashes US Outlook to ‘Negative’ Due to Too Much Government Spending
By Tom Ozimek Credit rating agency Moody’s has cut its outlook for the U.S. government from “stable” to “negative” due in large part to out-of-control spending. Moody’s said in a Nov. 10 announcement that it has lowered its ratings outlook on the U.S. government to “negative,” citing a lack of restraint on spending while predicting that deficits will remain “very large” for the foreseeable future.
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