editor in the economy.F. A. Z. Twitter
Due to the tax cuts by President Donald Trump, budget deficits and state debts in the past years, already swollen. Now, these will increase as a result of the relief measures in the Wake of the Corona-crisis. The Fitch analysts increasingly fear that the decision-makers consolidate in Washington after the end of the Corona-crisis, the public finances sufficiently.
continuation of the political Blockade
Because after the presidential elections in November, they expect a continuation of the political stalemate, because neither Republicans nor Democrats are likely to reach a clear majority in the Senate. Fitch expected in 2021, a rise in American government debt up to 130 percent of the economic output (gross domestic product; GDP). Even before the crisis, the United States had the highest national debt a "AAA"country.Updated Date: 05 August 2020, 06:19