Wisconsin Independent Businesses

Wisconsin small, independent business owners need a voice in state government. WIB has a full-time lobbyist who advocates on behalf of the needs and concerns of small, independent businesses.


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News of the Day March 27, 2025
Moody’s Warns U.S. Government’s Fiscal Strength is Deteriorating

The U.S. government’s fiscal strength is deteriorating as the trend of larger budget deficits and mounting debt continues, Moody’s Ratings said in a report released Tuesday.

Moody’s said that America’s fiscal health has worsened in the time since it lowered its outlook on the country’s AAA credit rating in November 2023. Fitch cut the U.S. credit rating one tier from AAA to AA+ in 2023 over fiscal challenges and debt limit brinksmanship, while Standard and Poor’s did so after the 2011 debt limit crisis that spurred a partial government shutdown.

The ratings agency is the last of the major ratings agencies to keep U.S. sovereign debt at its top level, AAA, though it took a more pessimistic view of the government’s debt in 2023 due to wider annual deficits and higher interest payments on the national debt.

“Even in a very positive and low probability economic and financial scenario, debt affordability remains materially weaker than for other AAA-rated and highly rated sovereigns,” Moody’s wrote.

The firm projects that the ratio of public debt to gross domestic product (GDP), a metric favored by economists in assessing government debt relative to the size of the economy, will rise from nearly 100% in 2025 to about 130% in 2035.

Debt affordability is expected to worsen at a faster rate, with interest payments accounting for 30% of revenue by 2035 — a dramatic increase from 9% in 2021, Moody’s wrote.

The firm explained that lower U.S. debt affordability meant that the central roles played by the dollar and the Treasury market in global financial markets have become more critical in supporting the AAA rating.

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Get in Touch

Get in touch with a member of our team today. Quick information below, otherwise link over to our Contact page for more information.

122 West Washington Avenue, Suite 650
Madison, Wisconsin 53703
1-800-362-9644 (Toll-free Hotline)
608-255-6600 FAX


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