In a report, Moody's warned that the next US administration "must address the widening fiscal deficit", nearly a year after announcing a negative outlook on the US sovereign credit rating. "The administration's tax and spending policies will affect the size of future budget deficits and the expected decline in US fiscal strength, which in turn could have a significant impact on the US sovereign credit profile," Claire Li and W.
Former US President Donald Trump has warned that the US economy is close to recession; we are very close to a world war.