×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Amid warning on US debt rating, calls mount for 'fiscal commission'

Vocalize Pre-Player Loader

Audio By Vocalize

The U.S. Treasury Building in Washington on May 4, 2021. [AP Photo]

With a government shutdown looming and a federal deficit that continues to climb, the bond rating firm Moody's on Friday lowered its outlook for U.S. Treasury debt to "negative" from "stable."

The change is a signal that Moody's, the only one of the three major credit ratings agencies that still considers U.S. debt worthy of its top rating, may soon apply a downgrade.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Golf
Magical Kenya Open: Jastas Madoya reveals what fuels his passion for golf
Olympics
NOC-K signs strategic MoU with Japanese Olympic Committee
Unique Sports
Youthful Kinoti Kiara crowned African fencing champion
By Xinhua 10 hrs ago
Sports
How Chinese elements shine at Milan-Cortina Winter Olympics