Moody's Urges Washington to Manage Entitlement Spending

Moody's Investors Service said Tuesday that U.S. decisions on taxing and spending would have a larger than usual impact on the nation's credit profile in the near future. The analysis said President Donald Trump's plans to cut taxes and spend more on infrastructure might increase the deficit. The combination of deficits over years is what makes up the national debt. Moody's says federal debt is equal to about 77 percent of gross domestic product, which is the sum of all...

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