There is no stopping the US fiscal deficit train

May 19, 2025
-FXnews

Everyone is downplaying the Moody’s downgrade as either late or irrelevant but I’ll take the other side of that. In fact, what bothers me is that so many people in the administration and Congress are downplaying it.

In a truly AAA-rated country, when there is a downgrade, there is a reckoning. I don’t see that at the moment.

This moment is something of a fork in the road with Republicans in a position to reign in US spending while also dialing down the ‘ask’ on tax cuts

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