Other agencies downgraded during past debt ceiling showdowns.
we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024
Both numbers are well above escape velocity for sustainability with overall Debt above GDP, and nominal GDP growth not coming anywhere close to the deficit levels.
https://ratings.moodys.com/ratings-news/443154
Other agencies downgraded during past debt ceiling showdowns.
Both numbers are well above escape velocity for sustainability with overall Debt above GDP, and nominal GDP growth not coming anywhere close to the deficit levels.