Moody’s reduced the Credit qualification of the United States From “AAA” to “AA1” from an increase in public debt and interest payments in the last decade, but improved its point of view, which had previously seen the “negative”, to the category of “stables”.
“The consistent administrations and Congress of the EU failed to agree with the measures to handle the tendency of a large annual deficit of taxes and growing costs of interest,” says Moody.
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The EU is still in the upper 21 class of the Moody’s class 21, since it reduces the level of the AAA, which is the highest note. Two other most important agencies, Fitch and S&P, removed the country for many years of the highest position in their own systems.
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Moody believes that the proposals that are still “considered” will not “financially” mandatory expenses or deficiency, and in the next decade they foresee “large shortages”, as well as “worsen” on financial results compared with other sovereign debts of a high rating.
“If the law on tax reduction and employment (from Trump) in 2017, which is our basic scenario, this will add about $ 4 billion to the main federal fiscal deficit (with the exception of interest payments) in the next decade,” he warns.
As for the “stable” perspective, he claims that the EU supports the “exceptional power of loans, such as the size, stability and dynamism of its economy and the role of the US dollar in the global currency reserve,” and trusts the “independent federal reserve system”.
Although he recognizes “uncertainty in politics” and “challenges” for “institutional agreements”, the agency is expressed optimistic and believes that the division of powers between three branches of the government “relatively insensitive to events in a short period”. (EFE)
Source: Aristegui Noticias

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.