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Trump Budget Sees US Debt Hitting $30 Trillion In 2028

On Friday, with the US on the verge of another government shutdown and debt ceiling breach (with the agreement reached only after the midnight hour, literally) Moody's warned TrumpĀ  that he should prepare for a downgrade from the rating agency that refused to join S&P in downgrading the US back in August 2011. The reason: Trump's - and the Republicans and Democrats - aggressive fiscal policies which will sink the US even deeper into crippling debt while widening the budget deficit, resulting in "meaningful fiscal deterioration.
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