Tag: US federal budget

• Monday, May 19th 2025 - 08:26 UTC

  Moody’s lowers US credit rating; US budget deficit plus 6% of GDP

  

  Moody’s Ratings decision last week to lower the US credit rating to Aa1 from Aaa, (the highest investment-grade position) triggered strong reactions and criticisms from President Donald Trump and his political advisor.

• Tuesday, October 23rd 2018 - 08:31 UTC

  United States 2018 federal budget deficit at its highest since 2012: US$ 779bn

  

  The United States federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said. The deficit jumped to US$ 779 billion, US$ 113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney.