US deficits may widen with Trump's proposed $1.5 trillion defense budget, says Moody's
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NEW YORK, Jan 8 (Reuters) - U.S. President Donald Trump’s proposed increase in defense spending for 2027 is unlikely to be offset by savings or revenues and would have a negative impact on already sizeable U.S. fiscal deficits, said an analyst at Moody’s Ratings.“A large, sustained debt-financed increase in spending would widen already sizeable fiscal deficits, increase the interest burden over time, and further limit fiscal flexibility,” said David Rogovic, senior vice president of sovereign risk group at Moody’s Ratings, in a statement.
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