Zero Hedge — “Credit Negative For U.S. Government”: Moody’s Threatens Downgrade If Trump Tax Plan Is Passed

Summary:
Moody's goes all proactive. As various institutions continue to publish very detailed estimates of how Trump's tax plan will impact the federal budget, which is somewhat amazing since income brackets haven't even been assigned yet, Moody's published a note today threatening to finally strip the U.S. of its AAA credit rating if the tax plan is ultimately passed as currently contemplated.... The deficit would be too big. Gotta cut some welfare.Zero Hedge"Credit Negative For U.S. Government": Moody's Threatens Downgrade If Trump Tax Plan Is Passed Tyler Durden

Topics:
Mike Norman considers the following as important: Credit Rating Agencies, Moody's, sovereign debt, US credit rating

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