Halister News

(Bloomberg) -- U.S. debt will keep climbing if the incoming administration doesn’t mitigate rising costs, Moody’s senior vice president Sarah Carlson says in e-mailed statement after the U.S. presidential election.

• “A key challenge for the new administration is the rising cost of social programs, which, if unaddressed, could weaken the U.S.’ credit profile”
• The U.S. has some significant strengths, it is the world’s largest economy, the dollar is the global reserve currency and Treasury bonds are the benchmark for the world’s bond markets’’ * “However, it is also the most indebted Aaa country and its debt will keep climbing if fiscal policy in the next few years does not mitigate the rapidly rising costs of entitlements”
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