Comments by "Happy Melon" (@happymelon7129) on "The looming US shutdown and it's potential consequences | DW News" video.

Earlier this year, Fitch downgraded the U.S.’s debt rating to AA+ from AAA due to the federal government’s “repeated debt-limit political standoffs and last-minute resolutions.” Moody’s said Monday that a potential government shutdown would be negative for the U.S.’s credit and “underscore the weakness of U.S. institutional and governance strength.” Thanks to a combination of high inflation, rising interest rates and unrelenting growth in the national debt, interest payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032.
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The U$A is the biggest risk to Asia countries economy. 😨Downgrade of credit rating will further devalue the treasury bonds Asia countries are holding.
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The U$A is the biggest risk to Asia countries economy. 😨Downgrade of credit rating will further devalue the treasury bonds Asia countries are holding.
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Earlier this year, Fitch downgraded the U.S.’s debt rating to AA+ from AAA due to the federal government’s “repeated debt-limit political standoffs and last-minute resolutions.” Moody’s said Monday that a potential government shutdown would be negative for the U.S.’s credit and “underscore the weakness of U.S. institutional and governance strength.” Thanks to a combination of high inflation, rising interest rates and unrelenting growth in the national debt, interest payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032.
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