Moody’s Warns of Growth Risks Amid Rising US Government Shutdown Odds

Congress faces a September 30 deadline to pass a funding bill, while Moody’s cautions that political gridlock could impact US economic growth.

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Terms & Concepts
  • Government Shutdown: A closure of non-essential federal government operations when lawmakers fail to pass funding legislation.
  • Moody’s Ratings: A global credit rating agency that assesses the creditworthiness of governments, companies, and financial instruments.
  • Funding Bill: Legislation passed by Congress to allocate money for federal government operations and agencies.