Moody's: Without substantial debt reduction measures, the United States will lose its only Aaa rating.

On September 24, Jinshi data reported that Moody's warned in a report that the next US government "must address the expansion of the fiscal deficit"; nearly a year ago, Moody's announced a negative outlook for the US sovereign credit rating. "Government tax and spending policies will affect the size of future budget deficits and the expected decline in US fiscal strength, and may have a significant impact on the US sovereign credit situation," analysts Claire Li and William Foster wrote in the report. After the November congressional and White House elections, it is expected that the US government will continue to be divided, thereby hindering comprehensive fiscal reform by the new government. Therefore, the fiscal policy proposals of the two candidates may require intense negotiations and compromises from both parties. The conclusion of the report is that "if no policy action is taken to correct these debt dynamics, they will become increasingly unsustainable and inconsistent with the Aaa rating."